In the Balance of Payments Accounts,there Will Be a Surplus

question 13

Multiple Choice

In the balance of payments accounts,there will be a surplus in the financial account of a country if:

• A)it sells more goods to foreign countries than it imports.
• B)it buys more goods from foreign countries than it exports.
• C)it sells more assets to individuals in other countries than the assets it buys from them.
• D)it buys more assets from individuals in other countries than the assets it sells to them.
• E)it imports less machinery than it exports.

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Definitions:

Socioeconomic Status

An individual's or group's position within a hierarchical social structure, often measured by factors such as income, education, and occupation.

Prestige

The respect, admiration, or high regard that an individual, organization, or nation gains based on achievements, quality, or social status.

Income

Earnings received by an individual or entity, usually through work, investments, or business operations, over a specified period.

Third Parties

Political parties in the United States other than the two dominant ones, the Democrats and Republicans, often focusing on specific issues.