For Each of the Statements Below, Explain Why the Statement

question 6

Essay

For each of the statements below, explain why the statement is either TRUE or FALSE.
(a) "If a country's income is less than its spending, then the country will have a
surplus in its current account."
(b) "If a country has a merchandise trade deficit, then the country must also have a current account deficit."
(c) "If a country's balance on current account is a net debit of $5,000, then the country's capital/financial account balance (including all government capital/ financial flows as well as all private capital/financial flows) must show a net
capital/financial inflow of $5,000."
(d) "If country A makes a unilateral transfer of $1,000 of goods to country B,
then, in this time period and other things equal, country A's merchandise trade
balance will be $1,000 more positive than would otherwise have been the case.
However, country A's current account balance will be the same as would
otherwise have been the case."

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Definitions:

Priority Task

A task given preferential execution over other tasks in a computing environment, based on urgency or importance.

Periodic

The term periodic refers to events or phenomena that occur at regular intervals, characteristic of cyclic or repeating patterns over time.

RSLinx Software

A software application from Rockwell Automation used to connect, manage, and gather data from industrial devices and networks.

Communications Link

A connection between two or more devices that allows them to share information, data, or commands, often comprising part of a network.