(Table) for the Balance of Payments to Be in Balance

question 203

Multiple Choice

(Table) For the balance of payments to be in balance, the

• A) capital account must be $600 billion.
• B) statistical discrepancy must be $100 billion.
• C) statistical discrepancy must be $50 billion.
• D) capital account must be $650 billion.

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Definitions:

Company Specificity

Features or characteristics unique to a particular company that differentiate it from its competitors.

Local Human Capital

The collective skills, knowledge, and experience possessed by individuals within a local region, contributing to its economic development.

Location Specificity

The importance of a particular location in adding value to a product or service, often due to unique resources or qualities.

Company Specificity

Refers to the unique characteristics, resources, and capabilities that differentiate a company from its competitors, often driving competitive advantage.