Balance of Payments Includes Foreign Borrowing and Lending, Foreign Aid

question 30

True/False

Balance of payments includes foreign borrowing and lending, foreign aid payments and receipts, and foreign investments.

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Definitions:

Social Barriers

Obstacles that exist within societies, which prevent individuals or groups from accessing resources, opportunities, or rights, contributing to inequality.

Conglomerates

Large corporations that operate in several industries at the same time.

Laissez-Faire Economy

An economic system in which transactions between private parties are free from government intervention such as regulation, privileges, tariffs, and subsidies.

Purely Capitalist Economy

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.