The record of a country's transactions in goods, services, and assets with the rest of the world is its balance of trade.Group of answer choicesTrueFalse

The record of a country's transactions in goods, services, and assets with the rest of the world is itsGroup of answer choicesbalance of payments.balance of trade.capital account.current account.

A country exports goods and services valued at $300 million in a year. During that same year, the country imports goods and serves valued at $400 million. Which conclusion best describes the country's balance of trade?A.The country has established a comparative advantage.B.The country has a trade deficit.C.The country has established an absolute advantage.D.The country has a trade surplus.

What is recorded by the the current account of the balance of payments?Group of answer choicesthe net export of currants.the trade in goods and services, and flows of income from investmentsexports of innovative and fashionable products.the inflow and outflow of capital.

Required informationSkip to questionMeasuring Global Trade The activity is important because as a manager, you must be able to understand global trade, and its effect on the local economy. 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. This happens through the process called free trade. Through free trade, nations are able to import the goods and services they need and export the goods and services other nations need. In measuring global trade, nations rely on two key indicators: balance of trade and balance of payments. The balance of trade is the total value of a nation’s exports compared to its imports measured over a particular period. A favorable balance of trade, or trade surplus, occurs when the value of a country’s exports exceeds that of its imports. An unfavorable balance of trade, or trade deficit, occurs when the value of a country’s exports is less than its imports. The goal of this exercise is to demonstrate your understanding of global trade by answering questions about trade deficit and surplus. Read the case below and answer the questions that follow. For many years, the United States exported more goods and services than it imported. However, since 1975 it has bought more goods from other nations than it has sold and thus has a trade deficit. Recently, it ran its highest trade deficits with China. The chart below indicates the amount of goods and services the United States imports and exports from ten different countries.                              U.S. Trade Balance, by Partner Country, 2018                                          in descending order of importsPartner CountryImports for ConsumptionDomestic Exports—million dollars—  Canada$318,824      $299,768        China$539,675      $120,148        Mexico$346,100      $264,442        Japan$142,425      $75,229        Germany$125,848      $57,753        South Korea$74,264      $56,506        United Kingdom$60,783      $66,312        France$52,431      $36,616        India$54,349      $33,502        Singapore$26,612      $32,747      www.census.gov/foreign-trade/balance/c1220.html Consider the situation in which trade between the United States and China became balanced. Which of the following statements is true based only on the countries included in the chart?Multiple ChoiceNone of the statements are true.All of the statements are true.In general, the United states would experience balance of trade.The United States would have a trade surplus.The United States would have a trade deficit.

The ____ is made up of business investment, purchases and sales of stocks and bonds, and short term banking transactions that represent flows into and out of a nation.balance of tradecapital accountinternational monetary balancecurrent account