The record of all transactions with foreign nations that involve the exchange of merchandise goods and services or unilateral gifts is called the:
a. capital account

When a nation imports a good, its ________ surplus decreases and its ________ surplus increases

A) consumer; producer B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer

A mobile phone is a

a. private good. b. club good. c. common resource. d. public good.