The Major Factor Affecting a Nation's Balance of Payments Is

question 7

Multiple Choice

The major factor affecting a nation's balance of payments is

• A) an increase in its rate of unemployment.
• B) its rate of inflation relative to the rate of inflation of its trading partners.
• C) a change in the productivity of its labor.
• D) its stock market movements.

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Definitions:

Leasehold Estate

An interest in real property that gives the holder the right to possession and use of the property for a specified term under a lease.

Freehold Estate

A type of ownership in real estate where the owner has complete control of the land and any buildings on it for an indefinite period.

Periodic Tenancy Agreement

A rental agreement that continues for successive periods (e.g., month-to-month or year-to-year) until terminated by the landlord or tenant.

Tenancy At Sufferance

A situation in which a tenant fails to leave after a lease has expired and owes compensation to the landlord.