Balance of Payments Quiz

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By NiftyJasper2749

Quiz

Flashcards

5 Questions

What is the balance of payments?

What are the two components of the balance of payments?

Which economic theory influenced European rulers in the 16th century?

What did mercantilism favor as a measure to promote a trade surplus?

How was international trade regulated in the Middle Ages in Europe?

Description

Test your knowledge of balance of payments in international economics with this quiz. Explore the concepts of inflow and outflow of money and how it impacts a country's economy.

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