A Balance-Of-Payments Surplus Is the

question 85

Multiple Choice

A balance-of-payments surplus 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:

Purchased Goods

Items or commodities that have been bought by individuals or organizations, ranging from consumables to durable goods.

Cognitive Processes

The mental activities involved in acquiring, processing, and storing knowledge, including perception, memory, and thinking.

Consumer Behavior

The study of how individuals or groups select, buy, use, and dispose goods, services, ideas, or experiences to satisfy their needs and wants.

Dynamic

Characterized by constant change, activity, or progress.