Which of the Following Is NOT Included in a Country's

question 241

Multiple Choice

Which of the following is NOT included in a country's current account?

• A) transfer payments abroad,such as foreign aid
• B) net income on capital held abroad
• C) net exports
• D) foreign direct investment

Identify and analyze the factors contributing to the globalization of markets.

Examine the role and impact of raw materials in global trade.

Distinguish between different types of markets and economic concepts relevant to global trade.

Understand the roles and strategies of multinational corporations in global markets.

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Definitions:

Variable Resource

An input or factor of production whose quantity can be changed easily by a firm as its output level changes.

Total Variable Costs

The costs that vary directly with the level of production or output.

Total Fixed Costs

The sum of all consistent, non-variable expenses a business incurs, such as rent, salaries, and insurance, regardless of production level.

Total Costs

Total costs are the sum of all expenses incurred in the production of goods or services, encompassing both fixed and variable costs.