In the US Balance of Payments, Foreign Purchases of Assets in the in the United

question 250

Multiple Choice

In the U.S. balance of payments, foreign purchases of assets in the United States are a

• A) foreign currency outflow.
• B) foreign currency inflow.
• C) current account item.
• D) debit, or outpayment.

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Definitions:

Human Ingenuity

The capacity of humans to invent, create, and solve problems using creativity and intelligence.

Output Of Goods

The total quantity of products or services produced by a company, industry, or economy within a specific time period.

Economic Pie

A metaphorical representation of the total wealth or economic output available for distribution or sharing among a population or group.

Production Possibilities Curve

A graphical representation that shows the maximum possible output combinations of two goods or services an economy can achieve when all resources are fully and efficiently utilized.