Homework Sourse1 The major component in the current account in the balance
1. The major component in the current account in the balance of payments is to
A measure a country’s balance of international reserves
B measure a country’s balance of transfer payments
C measure a country’s balance of trade
D measure a country’s ownership of foreign long-term and short-term assets
E none of the above
2. Over the last several years, the US has run a ___ in the goods trade balance and a ___ in the services trade balance
A surplus, deficit
B surplus, surplus
C deficit, deficit
D deficit, surplus
E none of the above
1. The major component in the current account in the balance of payments is to
A measure a country’s balance of international reserves
B measure a country’s balance of transfer payments
C measure a country’s balance of trade
D measure a country’s ownership of foreign long-term and short-term assets
E none of the above
2. Over the last several years, the US has run a ___ in the goods trade balance and a ___ in the services trade balance
A surplus, deficit
B surplus, surplus
C deficit, deficit
D deficit, surplus
E none of the above
A measure a country’s balance of international reserves
B measure a country’s balance of transfer payments
C measure a country’s balance of trade
D measure a country’s ownership of foreign long-term and short-term assets
E none of the above
2. Over the last several years, the US has run a ___ in the goods trade balance and a ___ in the services trade balance
A surplus, deficit
B surplus, surplus
C deficit, deficit
D deficit, surplus
E none of the above
Solution
1.
Correct option is > C. measure a country’s balance of trade
Current account measures the balance of trade
2.
Correct option is > D deficit, surplus
Over the last several years, the US has run a Deficit in the goods trade balance and a Surplus in the services trade balance
