Unilateral Transfers Between Countries Are

question 32

Multiple Choice

Unilateral transfers between countries are

• A) long-term loans.
• B) only international gifts, never payments that do not correspond to the purchase of any good, service, or asset.
• C) part of the current account but not a part of national income.
• D) known for reducing the income of capital owners.
• E) the difference between Y and GNP if the identity Y = C + I + G + CA holds exactly.

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Definitions:

Filler Hole

An opening or aperture through which a substance, such as oil or fuel, is added to a container, tank, or system.

Differential Carrier Housing

The casing that encloses the gears of a vehicle's differential, supporting its structure and maintaining alignment.

Lubrication Breakdown

Lubrication breakdown is the failure of a lubricant to perform its intended function of reducing friction and wear between moving parts, often due to contamination, overheating, or depletion.

Fatigue

Literally tired but used to describe components that have been worn out by old age.