A Balance-Of-Payments Statement Includes Three Accounts

question 66

Multiple Choice

A balance-of-payments statement includes three accounts. Two of those accounts are the current account and the capital account. What is the third account found on the balance-of-payments statement?

• A) Investment account
• B) Receivables account
• C) Services account
• D) Credit account
• E) Reserves account

Comprehend the regressive nature of sales taxes on consumer goods.

Analyze the progressive and regressive characteristics of different tax systems.

Understand the impact of supply elasticity on the tax burden borne by producers.

Identify the characteristics of a highly progressive tax system.

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Definitions:

Subject

In philosophy, it refers to the entity that is the observer or experiencer of perceptions and thoughts.

Predicate

A grammatical and logical term that refers to the part of a sentence or an expression that states something about the subject.

Propositions

Statements or assertions expressing judgments or opinions that can be either true or false.

True

Corresponding to reality or fact; not false.