The Total Flow of Money into a Country Minus the Total

question 239

Multiple Choice

The total flow of money into a country minus the total flow of money out of the country over some period of time is called the country's

• A) trade deficit.
• B) balance of payments.
• C) unfavorable balance.
• D) balance of trade.
• E) favorable balance.

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Definitions:

Rubber Erasers

Small, often rubbery objects used for removing pencil and sometimes ink marks from paper.

Consumer Surplus

The disparity between the total cost consumers are inclined and able to bear for a good or service and the total cost they actually bear.

Consumer Surplus

The economic benefit consumers receive when they pay a price below what they were willing to pay, reflecting consumer satisfaction in economic transactions.

Consumer Surplus

The disparity between the ideal payment consumers are ready to make for a good or service and the real amount paid.