In a Nation's Balance of Payments,which One of the Following

question 46

Multiple Choice

In a nation's balance of payments,which one of the following items is always recorded as a positive entry?

• A) Goods imports.
• B) Changes in foreign currency reserves.
• C) U.S.purchases of assets abroad.
• D) Exports of services.

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Definitions:

Fixed Costs

Expenses that do not change in proportion to the activity of a business, such as rent or salaries.

Break-Even Point

The level of production or sales at which total revenues equal total expenses, resulting in neither profit nor loss.

Cost-Volume-Profit Chart

A graphical representation that shows the relationship between a company's cost, production volume, and profits.

Variable Costs

Charges that adjust based on the volume of sales or production levels.