Which of the Following Statements Is Correct

question 11

Multiple Choice

Which of the following statements is correct?

• A)The demand for imports is given by the excess demand for the commodity
• B)the supply of exports is given by the excess supply of the commodity
• C)the supply curve of exports is flatter than the total supply curve of the commodity
• D)all of the above

Understand the relationship between the current account balance and the capital and financial accounts balance.

Recognize the significance of remittances and other transfers in the balance of payments.

Interpret how international investment and debt forgiveness transactions impact the financial account.

Understand the impact of exchange rate fluctuations on national currencies' relative value.

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