Which of the Following Is a Credit Item in the U.S

question 121

Multiple Choice

Which of the following is a credit item in the U.S. balance of payments?

• A) imports of cars from Japan
• B) a purchase of an American car by a Japanese citizen
• C) a purchase of Chinese assets by an American citizen
• D) an American firm's purchase of steel from a European steel mill
• E) an increase in American tourists abroad

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Definitions:

Poverty Rate

The percentage of the population that lives below the national poverty line, indicating a lack of financial resources necessary for basic living conditions.

Canadian Seniors

Individuals of an advanced age, typically 65 years and older, residing in Canada, possibly concerning social policies, healthcare, and demographics.

Fertility Rates

The typical amount of offspring a female is expected to have throughout her life in a specific group.

Industrialized Societies

Societies characterized by a high level of industrial activity, with a significant portion of the economy involved in manufacturing and services rather than agriculture.