Which of the Following Statements Is Correct

question 3

Multiple Choice

Which of the following statements is correct?

• A) Transfer payments from foreigners represent the payments that domestic residents receive from assets owned in foreign countries.
• B) Imports refer to the goods and services that are produced domestically and consumed abroad.
• C) Exports refer to the goods and services that are produced domestically and sold abroad.
• D) Factor payments from foreigners represent the "gifts" received from individuals who reside abroad or from foreign governments.

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Definitions:

Social Media

Platforms and technologies that enable the sharing of ideas, thoughts, and information through the building of virtual networks and communities.

Product Launch

Completing all the final preparations for making the fully tested product available to the market.

Idea Generation

The creative process of generating new concepts, solutions, or approaches, often as a preliminary step in problem-solving or innovation.

Business Analysis

The process of analyzing a new product to determine its profitability.