If a US Resident Were to Visit Japan and Spend

question 35

Multiple Choice

If a US resident were to visit Japan and spend $500 on food and shelter,what entries would be made into the US balance of payments?

• A)Travel services - credit of $500; Capital inflow - debit of $500
• B)Accounts Payable - debit of $500; Goods imports - credit of $500
• C)Travel services - debit of $500; Capital inflow - credit of $500
• D)Accounts Payable - credit of $500; Inventory - debit of $500

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Definitions:

Parasympathetic Nervous System

Part of the autonomic nervous system responsible for conserving energy and slowing the heart rate, facilitating a state of calm and relaxation.

Somatic Nervous System

The part of the peripheral nervous system that controls voluntary movements of the body and transmits sensory information.

Racing Heartbeat

A rapid increase in heart rate, often due to excitement, stress, or physical exertion.

Spinal Reflex

A rapid, automatic response initiated in the spinal cord without conscious brain involvement, typically in response to a stimulus.