The Difference Between the Value of a Country's Merchandise Exports

question 121

Multiple Choice

The difference between the value of a country's merchandise exports and merchandise imports is known as the balance

• A) of payments.
• B) of merchandise trade.
• C) on current account.
• D) on capital account.

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Definitions:

Overlearning

The practice of continuing to study or practice beyond the point of initial mastery, improving retention and recall of information.

Counterproductive

Activities or behaviors that hinder the attainment of a goal rather than assisting in its achievement.

Verbatim

Word for word; in exactly the same words as were originally used.

Anticipate

To look forward to or expect a future event or outcome, often making preparations in advance.