37. Which of the following is a nontariff barrier imposed by a domestic country to restrict imports? a. Export quota b. Regional tariff agreements c. Voluntary export restraint d. Import licenses e. Foreign procurement policy 38. The fall in the share of gross private domestic investment in the U.S. GDP in 2008 reflects: a. the poor state of fiscal health. b. the expected surge in consumption expenditure in the near future. c. the sudden rise in the rate of inflation in the U.S. economy. d. the overall increase in the demand for U.S. exports across the world. e. the slide of the U.S. economy into the economic recession. 39. represents the amount that must be added or subtracted to force the measured current account balance and the measured financial account balance to zero. a. Merchandise balance b. Random error c. Statistical discrepancy d. Trade deficit e. Unfair trade 40. Which of the following is reflected by the data on trade balance and international investment position as a percentage of GDP for the year 2009? a. most of the countries across the world ran a trade deficit in 2009. b. most of the countries across the world ran a trade surplus in 2009. c. the U.S. registered a trade deficit of over 5 percent of GDP. d. China recorded a surplus of over 5 percent of GDP. e. the international debt position of the euro area was over 50 percent of GDP. 41. Which of the following relationships must be satisfied in the BoP accounting system? a. Financial account balance - current account balance = 0. b. Current account balance + financial account balance = 0. c. Current account balance x financial account balance = 0. d. Current account balance - financial account balance = 0. e. Current account balance + financial account balance = 0