Which of the Following Statements About the U

question 22

Multiple Choice

Which of the following statements about the U.S.balance of payments in 2008 is true?

• A)In the third quarter of 2008, the services account recorded a deficit of $25 million.
• B)In the third quarter of 2008, the current account showed a surplus of $174, 091 million.
• C)In the third quarter of 2008, the merchandise account in the U.S.balance of payments showed a surplus of $171, 157 million.
• D)In the third quarter of 2008, the merchandise account in the U.S.balance of payments showed a deficit of $171, 157 million.
• E)In the third quarter of 2008, the services account recorded a deficit of $38, 175 million.

Comprehend the concept of hedonic adaptation and its effect on happiness.

Analyze the impact of culture and biology on human mating preferences.

Apply the parental investment theory to explain mating strategies and parental roles.

Identify biases and criticisms in evolutionary psychology, especially regarding gender differences in sexual motivation.

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Definitions:

Accrual Basis

Accrual Basis is an accounting method that records revenues and expenses when they are earned or incurred, regardless of when cash is received or paid.

Expenses Recognized

Costs that have been incurred in an accounting period and are matched with revenues in the same period, affecting a company's income statement.

Expenses Paid

Outflows or other using-up of assets or incurring of liabilities during a period from delivering or producing goods, rendering services, or carrying out other activities that constitute the entity’s ongoing major operations.

Liabilities

Liabilities refer to the financial obligations or debts that a company owes to others, which must be paid back in the future.