Which of the Following Would Increase the Current Account Balance

question 261

Multiple Choice

Which of the following would increase the current account balance of the United States?

• A)an increase in imports
• B)an increase in the amount of money the U.S.government sends in foreign aid to other countries
• C)an increase in the balance of trade
• D)an increase in the amount of income U.S.companies pay out to foreigners who own investments in the United States.

Differentiate between valid and invalid consideration.

Recognize the role of promissory estoppel in the absence of formal consideration.

Identify exceptions to the consideration requirement.

Analyze the effect of modifications on contracts under various laws.

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