A Country's Balance of Payments Accounts Records

question 154

Multiple Choice

A country's balance of payments accounts records

• A) only the goods and services purchases among countries over a period of time.
• B) the international trading, borrowing, and lending positions of a country over a period of time.
• C) the flow of human and non-human capital among countries over a period of time.
• D) only official transactions between governments over a period of time.

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Definitions:

Statutes

Written laws passed by a legislative body at the federal, state, or local level.

Practices

Regularly performed activities or procedures by individuals or organizations, often within a professional context to maintain or improve efficiency and quality.

Labor Required

The amount of work input needed from workers to produce a certain quantity of goods or services.

Specializes

The process of focusing efforts and resources on a narrow area of expertise or production for efficiency and quality improvements.