Accounting Statement That Summarizes All the Economic Transactions Between Residents

question 23

Multiple Choice

accounting statement that summarizes all the economic transactions between residents of the home country and residents of all other countries is called the

• A)balance of trade
• B)current account balance
• C)balance of payments
• D)capital account balance

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Definitions:

Conditioned Response

The learned response to a previously neutral stimulus that has become associated with an unconditioned stimulus.

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally elicits a reflexive response without the need for prior learning.

Associated

Connected or linked with something else in relation to ideas, feelings, or memories.

Reflex

It is an involuntary, immediate response to a specific stimulus without conscious thought.