An Example of a Transaction That Will Be a Surplus

question 57

Multiple Choice

An example of a transaction that will be a surplus item on the U.S. balance of payments is

• A) a U.S. resident purchasing French wine.
• B) a French subsidiary's plant in New Jersey purchasing parts from the main plant in Paris.
• C) a gift of wheat from the U.S. government to India.
• D) a tourist from Germany buying a ticket to fly from New York to Chicago on American Airlines.

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Definitions:

Perceptual Process

The sequence of steps that includes the receipt, organization, and interpretation of stimulants from the environment through our senses.

First Impression

The initial judgment or perception one forms about another person or situation, based typically on very limited information.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing, often based on limited or superficial information.

Perception Components

The elements that contribute to the process of interpreting and understanding sensory information, including selection, organization, and interpretation.