In a Nation's Balance of Payments, Which One of the Following

question 84

Multiple Choice

In a nation's balance of payments, which one of the following items is always recorded as a positive entry?

• A)merchandise imports
• B)changes in foreign currency reserves
• C)capital outflows
• D)exports of services

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Definitions:

Budget Line

The budget line represents the combination of goods and services that a consumer can purchase with a given budget, considering the prices of those goods and services.

Sociology

The scientific study of society, including patterns of social relationships, social interaction, and culture.

Economics

A branch of social science that investigates the decision-making processes of individuals, governments, companies, and countries when distributing limited resources to fulfill their endless desires.

Weekend

The period from Friday evening through Sunday evening, specifically considered a time for leisure and rest from the workweek.