In the US Balance of Payments, Purchases of Foreign Assets by U

question 38

Multiple Choice

In the U.S. balance of payments, purchases of foreign assets by U.S. residents are tabulated as a(n) :

• A) unilateral transfer.
• B) capital outflow.
• C) current account outflow.
• D) capital inflow.

Grasp the concept of opportunity cost in decision-making processes.

Distinguish between private and common ownership and its implications on care and conservation of resources.

Appreciate the role of technology and efficient communication in reducing transaction costs and enabling greater volumes of trade.

Understand the economic rationale for specialization and comparative advantage in producing goods and services.

---

Definitions:

D-type Steel Sheets

Specific grade of steel sheets characterized by certain mechanical properties and composition, often used in manufacturing.

Solver

An optimization tool in spreadsheet programs that finds the optimal solution to a problem by changing multiple variables within constraints.

Optimal Number

The most favorable, efficient, or effective quantity determined through analysis or calculation for a specific criterion.

Monthly Profit

The net income earned by a business over the course of a month after all expenses have been subtracted from total revenue.