Which of the following is true of the balance of payments accounts?
a. It records only the trade in tangible assets between any two nations.
b. It is a record of a country's merchandise trade.
c. It records the total external debt used to finance government budget deficits.
d. It is recorded biannually in most developed countries.
e. It records a country's trade in goods, services, and financial assets with the rest of the world.
e
You might also like to view...
The income elasticity of demand for haircuts is 1.5, and the income elas-ticity of demand for food is 0.14 . You take a weekend job, and the income you have to spend on food and haircuts doubles
If the prices of food and haircuts remain the same, will you double your expenditure on haircuts and double your expenditure on food? Explain why or why not.
A primary objective of labor unions is to
A) secure equal pay for its members. B) have equal power with their employer. C) seek better pay and improved work conditions. D) all of the above. E) none of the above.