Balance of Trade and Balance of Payments

International trade is very important to every economy. Countries may experience surpluses or deficits, based on the volume of international trade carried out and other monetary inflows and outflows.

Part 1: Balance of Trade and Balance of Payments

Based on this week's lesson, is it possible for a country have a BOTH a favourable Balance of Trade AND an unfavourable Balance of Payments during the same year? Explain. (0.67%)

Part 2: Soft Skill - Intercultural Aptitude

Navigate to Wiley Course Resources from the WileyPLUS link. Scroll to the Soft Skills section and access Module 5, Intercultural Aptitude.

From the four sections of content and video about Intercultural Aptitude, select and read content from a section that piques your interest. If there'sany leanring activity in that section, complete it.