The purchase of French wine by U.S. consumers will be accounted as:
a. a deficit in the services account.
b. a credit in the merchandise account.
c. a debit in the services account.
d. a surplus in the services account.
e. a debit in the merchandise account.
e
Economics
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Define asset market equilibrium and state the asset market equilibrium condition
What will be an ideal response?
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The concept of "global competitiveness"
A) is not practical because economic well-being is evaluated within each country. B) means that the economic well-being of each nation must be compared with nations with same size population. C) means that the economic well-being of each nation must be compared with nations on the same continent. D) means that the export-import ratio of each nation must be compared.
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