In the Balance of Payments, a Deficit Item Is Any

question 160

Multiple Choice

In the balance of payments, a deficit item is any transaction

• A) that leads to a receipt by a resident of a country or its government.
• B) that leads to a payment by a resident of a country or its government.
• C) that is an export of a good or service.
• D) that makes residents of a country worse off.

Describe the function and types of tariffs and their impact on trade.

Explain the concept of soft and hard currencies and their roles in international finance.

Analyze the effects of exchange rates and currency strength on export strategies.

Understand the mechanisms and benefits of different export and trade strategies.

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Definitions:

Same Bargain

The agreement or deal that was originally made or intended by the parties involved, without any alterations.

Accept Without Adding

To agree or receive something as it is without making any modifications or changes.

Click-on Agreement

A type of contract where a user must agree to terms and conditions by clicking a button on a webpage before proceeding with use or purchase.

E-commerce

The buying and selling of goods and services over the internet, including online retail transactions, digital payments, and electronic marketplaces.