The Value of Imports and Exports of Goods and Services

question 30

True/False

The value of imports and exports of goods and services, net investment income, and net transfers is included in the balance of trade, while foreign purchases of assets in the domestic economy and domestic purchases of assets abroad is included in the balance of payments.

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Definitions:

Generic Electrophile

A broadly defined electron-deficient species capable of forming new bonds by accepting a pair of electrons from a nucleophile.

Electrophilic Iodination

A chemical reaction involving the addition of iodine to a substrate via an electrophilic attack.

Aromatic Ring

A stable, planar ring of carbon atoms interconnected by alternating single and double bonds, exhibiting delocalized π-electron cloud.

HNO3

Nitric acid, a highly corrosive and toxic strong acid used in the production of fertilizers, explosives, and in the production of other chemicals.