Asked by
SAMANTHA SOLEDAD
on Nov 26, 2024Verified
Which one of the following, other things equal, will directly alter the U.S. balance of trade?
A) an increase in the balance on capital account
B) a decrease in U.S. goods exports
C) an increase in net transfers
D) a decrease in U.S. purchases of assets abroad
Balance of Trade
The net difference in value between a country's exports and imports over a certain period.
Balance on Capital Account
A national accounting measure that records all transactions for foreign investments and loans going in and out of a country.
Net Transfers
The net amount of money, goods, or services being transferred from one entity to another, after accounting for inflows and outflows.
- Apprehend the role and impact that imports and exports exert on the financial statements of a nation.
- Recognize the factors that directly alter a nation's balance of trade.
Verified Answer
SR
Learning Objectives
- Apprehend the role and impact that imports and exports exert on the financial statements of a nation.
- Recognize the factors that directly alter a nation's balance of trade.