A Balance-Of-Payments Deficit Is the

question 113

Multiple Choice

A balance-of-payments deficit is the

• A) amount by which exports exceed imports over a year.
• B) amount by which imports exceed exports over a year.
• C) net increase in a country's stock of international reserves over a year.
• D) net decrease in a country's stock of international reserves over a year.
• E) difference between capital inflows and capital outflows.

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Definitions:

Profitable Crop

A type of agricultural crop that is grown for sale to return a financial profit to the grower.

Inoculation

The introduction of a vaccine into the body to produce immunity to a specific disease.

Call-and-Response

A musical structure where a leader sings or plays a phrase and a group responds with a repeating phrase or answer.

Imported Directly

Refers to goods or services brought into a country from another country or region without passing through an intermediary or third party.