Table 201 -Refer to Table 20

question 115

Multiple Choice

Table 20.1
$\begin{array}{|l|c|}\hline \text { Current Account } & \text { (\$) } \\\hline \text { Merchandise exports } & +1000 \\\hline \text { Merchandise imports } & +3000 \\\hline \text { Merchandise trade balance } & \\\hline \text { Service exports } & +1500 \\\hline \text { Service imports } & +1000 \\\hline \text { Goods and services balance } & \\\hline \text { Net investment income from abroad }&100\\\hline \text { Net unil ateral transfers } &- 1,000 \\\hline \text { Current account balance } & \\\hline\end{array}$
-Refer to Table 20.1,which shows a Balance of Payments account.What is the goods and services balance?

• A)?$1,500
• B)?$2,000
• C)?$2,400
• D)?$2,420
• E)$500

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Definitions:

Breach

Engaging in behavior that breaches or disregards an established regulation, pact, or moral standard.

Injunctions

Court orders requiring an individual to do or refrain from doing a specific action.

Reformation

The process of correcting or modifying a contract to reflect the true intentions of the parties involved when the original agreement is in error.

Equitable Remedy

A remedy provided by courts in situations where legal remedies (like monetary damages) are inadequate or inappropriate, focusing on fairness.