The "Balance of Payments" Is a Record of All Economic

question 52

Multiple Choice

The "balance of payments" is a record of all economic transactions between the residents of a country and the rest of the world.It is divided into the current and capital accounts.Current accounts include all of the following except:

• A)balance on goods.
• B)portfolio investments.
• C)balance on services.
• D)goods imports.
• E)goods exports.

Understand the motivations and contributions of key figures in the progressive era.

Grasp the different areas of reform and activism during the progressive era, including urban, racial, and women’s issues.

Identify the causes and effects of specific legislation passed during the progressive era.

Recognize the role of progressive reformers in addressing social and economic issues.

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Definitions:

Output

The cumulative quantity of products or services generated by a business, sector, or economic system over a given timeframe.

Profit

The financial gain achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain it.

Demand Schedule

A table or graph showing the quantity of a product that consumers are willing and able to purchase at various prices during a specified period.

Marginal Cost

The supplementary cost resulting from manufacturing an extra unit of a good or service.