Asked by

SAMANTHA SOLEDAD
on Nov 26, 2024

verifed

Verified

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.
verifed

Verified Answer

SR
Sussell Ruiz RamirezNov 29, 2024
Final Answer:
Get Full Answer