Asked by
Kimberly Ricks
on Oct 11, 2024
Verified
The main reason for our balance of payments deficits has been
A) military spending abroad.
B) spending by U.S.tourists abroad.
C) our negative balance of trade.
D) None of the choices are correct.
Balance Of Payments
A statement that summarizes a country’s transactions with the rest of the world, including trade, financial transfers, and investments.
Negative Balance
A situation in financial accounts where the amount spent exceeds the amount available or deposited.
- Examine the association among deficits in trade, current account imbalances, and the comprehensive balance of trade.
Verified Answer
LC
Learning Objectives
- Examine the association among deficits in trade, current account imbalances, and the comprehensive balance of trade.