Since at least 1975, the United States has had a –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative balance of trade, also known as a –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative. However, it is clear that this trend is driven primarily by only one of the components of U.S. trade. If the distinction is made between the trade of goods versus the trade of services, it turns out that the United States enjoys a trade surplus for –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative, but a trade deficit for –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative.
services
trade surplus
positive
goods
trade deficit
negative
Since at least 1975, the United States has had A NEGATIVE balance of trade, also known as TRADE DEFICIT.
However, it is clear that this trend is driven primarily by only one of the components of U.S trade. If the distinction is made between the trade of goods versus the trade of services, it turns out that the United States enjoys a trade surplus for SERVICES but a trade deficit for GOODS.
**The answers are in capital letters and also, self explanatory.
Since at least 1975, the United States has had a –SELECT A LABELservicestrade surpluspositivegoodstrade deficitnegative balance...
The following table shows a hypothetical balance-of-payments statement for the United States. All figures are in billions of dollars. Complete the table by filling in the missing cells. Balance of Payments (Billions of U.S. dollars) Current Account Goods and Services Exports 200 Goods and Services Imports -182 Trade Balance Income (net) -10 Current Account Balance Capital Account U.S. Capital Inflow 80 U.S. Capital Outflow -60 Capital Account...
Suppose the United States initially has a trade deficit. Then U.S. firms increase their imports from Canada, financing that increase by borrowing from Canada. The current account deficit is now and the capital and financial account surplus is now Select one: a. larger; larger b. smaller; larger M c. smaller; smaller Fins d. larger; smaller 1 Next page Mohammed Smart University. All rights reserved.
Measuring Global Trade Most nations cannot produce all the products its people want and need. Even if a country did become self-sufficient, other nations would seek to trade with it to meet the needs of their own people. Examine the chart containing trade figures from various countries and determine the balance of trade. Global trade enables a nation to produce what it is most capable of producing and buy what it needs from others in a mutually beneficial exchange relationship....
Drawing upon Griswold's arguments, discuss the validity of the following propositions and fully explain your reasoning: a) The U.S. deficit in trade of goods and services is an important indicator of declining U.S. competitiveness in the world; b) The single biggest factor explaining growing U.S. trade deficits is the unfair trade policies of China, Japan and Germany; America’s Misunderstood Trade Deficit Myth: “America Is Losing Its Competitiveness” The “competitiveness” myth has gone into remission in recent years. Since the Cuomo...
6. The balance of payments is ..-(A) negative when the nation runs a trade deficit. (B) positive when the nation runs a trade surplus. (C) negative when the country is a borrower in the international apital market. (D) positive when the country is a lender in the international capital market. (E) always equal to zero. 7. If the U.S. dollar increases in value relative to the British pound, (A) U.S. wheat will become cheaper in England. (3) British bicycles will...
5. According to the textbook, which of the following statements is (are) correct? (x) From 1960 to about 1975 in the United States, net capital outflow was small and sometimes negative and sometimes positive. (y) Most of the change from 1991 to 2000 in U.S. net capital outflow as a percent of GDP was due to a decrease in U.S. investment (z) In the U.S. from 2000 to 2006, net capital outflow as a percent of GDP became a larger...
responses to this topic must be of at least 150 words. Globalization and trade impact: China China has a thriving economic state china has seemed to be the mecca of industrial products .China has benefited from globalization substantially. China main focus economically comes from manufacturing .China has a trade deficit because other countries such as the U.S have domestic companies make the production of their facilities abroad in china so china has to import hose products and them have them...
1. The Filipino balance of payments is not in the standard form as we discussed in class. Convert the BOP into the standard form. Filipino Blalance of Payments (in million USS) 03 2017 2018 Current Account Capital Account Financial Account Errors and Omissions Official Reserves Overall BOP 0 0 Note: at the end of the exercise, please provide your converted BOP and write the student names in your group to receive credits. 2. Based on the BOP, what is your...
The U.S. government's Office of the United States Trade Representative: Question 5 Not yet answered Marked out of 1.00 Flag question Select one: a monitors intellectual property rights around the world and fights IP theft. b. watches the trade relations with countries that have been granted the most favoured nation status. C. determines the impact of imports on U.S.industries and directs actions against certain unfair trade practices such as subsidies and dumping d. promotes exports of nonagricultural services and goods...
CHAPTER #3 Mini-Case Ever since he was five years old, Rhett Tenna has had poor eyesight and as an eyeglass wearer he suffered through all the names that went along with it. Rhett eventually switched from glasses to contacts, but he always wondered why his glasses were not fashionable. After graduation from college, Rhett set out on a lifelong goal: to make eyewear synonymous with fashion. He opened a specialty store called "The Eyes Have It." His marketing plan was...