6. What are multinational corporations (MNCs) and what economic roles do they play?

7. Define balance of payments.

8 . Why would it be useful to examine a country's balance-of-payments data?

9. The United States has experienced continuous current account deficits since the early 1980s. What do you think are the main causes for the deficits? What would be the consequences of continuous U.S. current account deficits?

10. Comment on the following statement: "Since the United States imports more than it exports, it is necessary for the United States to import capital from foreign countries to finance its current account deficits."