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.Management Sciences
Category: The Balance of Payments
The argument that U.S current account deficits cause net job losses for Americans ?
A. is true by definition in all possible circumstances
B. is supported by recent U.S history
C. focuses only on the overall economy and is thus always true
D. fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending
In the calculation of gross domestic product net exports are ?
A. the sum of merchandise trade and services
B. the current account plus long-term capital
C. the value of merchandise exports minus imports
D. short-term capital plus the basic balance
Debit entries on the balance of payments are the entries that would ?
A. mean a loss of foreign exchange
B. bring foreign exchange into the country
C. indicate a surplus exist
D. exist at the bottom line after all accounts are totaled
All of the following are debit items in the balance of payments except ?
A. capital outflows
B. merchandise exports
C. private gifts to foreigners
D. foreign aid granted to other nations
Credit (+) items in the balance of payments correspond to anything that ?
A. involves receipts from foreigners
B. involves payments to foreigners
C. increases the domestic money supply
D. decreases the demand for foreign exchange
The U.S balance of payments is constructed by ?
A. the U.S Department of labor
B. the U.S Department of Agriculture
C. the U.S Department of commerce
D. the council of Economic Advisers to the President
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