Which of the Following Would Be Represented as a Debit

question 70

Multiple Choice

Which of the following would be represented as a debit in the U.S.balance of payments?

• A)U.S.purchase of cars from Italy
• B)U.S.sale of beef to Israel
• C)Transfers received by the U.S.government from foreign governments
• D)Gifts received by U.S.residents from friends abroad
• E)Income received by U.S.residents from overseas investments

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Definitions:

Representative Sample

A sample that is similar to the larger population from which it was drawn.

Modus Ponens

A hypothetical syllogism in which the antecedent premise is affirmed by the consequent premise.

Inductive Argument

A type of reasoning that constructs or evaluates propositions that are abstractions of observations of individual instances.

Generalization

A broad statement or concept obtained by inferring from specific cases.