According to Lori Kletzer from the University of California at Santa

question 80

Multiple Choice

According to Lori Kletzer from the University of California at Santa Cruz:

• A) the majority of economic immigrants are from Canada.
• B) the United States has a trade surplus, not a deficit.
• C) exchange rates in developing countries are more stable than previously believed.
• D) about 7.5 million workers lost their jobs because of imports.
• E) real interest rates are equal across countries once they have been adjusted for risk.

---

Definitions:

Capital in Excess

Funds that exceed the par value of issued stock, often referred to as additional paid-in capital or share premium.

U.S.GAAP

United States Generally Accepted Accounting Principles, a collection of rules and guidelines designed to improve and standardize accounting practices.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against a fixed asset since it was acquired and put into use.

Balance Sheet

A financial statement that provides a snapshot of a company’s financial condition at a specific time, including assets, liabilities, and shareholders' equity.