A Nation's Balance on the Current Account Is Equal to Its

question 108

Multiple Choice

A nation's balance on the current account is equal to its exports less its imports of:

• A)goods and services.
• B)goods and services, minus Canadian purchases of assets abroad.
• C)goods and services, plus net investment income and net transfers.
• D)goods and services, plus foreign purchases of assets in Canada.

---

Definitions:

Product Strategy

A plan for marketing a product, which involves decisions on items such as pricing, design, packaging, and promotion.

Alcatel

A multinational company that produces telecommunications equipment and services, now part of Nokia.

Customer Value Proposition

A business or marketing statement that describes why a customer should buy a product or use a service, summarizing the benefits of the offer.

Protocol

A statement that, before product development begins, identifies a well-defined target market; specific customers’ needs, wants, and preferences; and what the product will be and do to satisfy consumers.