-The Above Gives Some of the Balance of Payments Accounts

question 128

Essay

-The above gives some of the balance of payments accounts of the United States in 2020.
a)What is the current account balance?
b)What is the capital account balance?
c)What is the official settlements account balance?

Grasp the concept of economic profit and its calculation in different market scenarios.

Understand the short-run and long-run adjustments in monopolistically competitive markets and their impact on firms and industries.

Interpret the implications of new firm entry on market competition, demand, and economic profits.

Differentiate between the market structures based on concentration measures and profitability.

---

Definitions:

Discharged

The process of formally releasing someone from a hospital or military service, or referring to the act of dispersing a substance.

Problem-Oriented Coping

A coping strategy that involves identifying, confronting, and managing problems or challenges directly, rather than avoiding them.

Cognitive Behavioral Interventions

Therapeutic techniques that aim to change patterns of thinking or behavior that are causing people's difficulties, thus improving emotional regulation and personal coping strategies.

Social Support

The assistance provided by other people, including emotional, informational, and practical aid, contributing to an individual's coping and wellbeing.