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What is the balance of payments?
What is the balance of payments?
- The net income of a country
- The difference between all money flowing into and out of a country in a specific period (correct)
- The total amount of money flowing into a country
- The net change in ownership of national assets
What does the capital account in the balance of payments reflect?
What does the capital account in the balance of payments reflect?
- The total amount of money flowing into a country
- The difference between all money flowing into and out of a country
- The net change in ownership of national assets (correct)
- The net income of a country
What does the current account in the balance of payments reflect?
What does the current account in the balance of payments reflect?
- The total amount of money flowing into a country
- A country's net income (correct)
- The net change in ownership of national assets
- The difference between all money flowing into and out of a country
What was the dominant economic theory influencing European rulers beginning in the 16th century?
What was the dominant economic theory influencing European rulers beginning in the 16th century?
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What were measures generally favored under mercantilism to promote a trade surplus?
What were measures generally favored under mercantilism to promote a trade surplus?
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