-Based on the Transactions in the Above Table, What Is

question 23

Multiple Choice

-Based on the transactions in the above table, what is the change in the U.S. balance of merchandise trade?

• A) $11,000
• B) $29,700
• C) -$30,000
• D) -$31,000

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Definitions:

Foreign Aid

Economic, technical, or military assistance given by one country to another for purposes of relief and redevelopment, economic stabilisation, or mutual defense.

Surplus Labor

The portion of the labor force that exceeds the amount of labor needed to produce a given level of output, often leading to unemployment.

Capital-Saving Investment

Investments made to increase efficiency or reduce the capital required for production without reducing output.

Technological Advance

It refers to the development and application of new technologies and innovation, which can improve efficiency, productivity, and capabilities in various sectors.