When economists refer to "International trade" they are referring to:

Group of answer choices

A buyer or selling of preexisting assets across an international border.

B any transaction across an international border.

C purchasing or selling currently produced goods or services across an international border.

D any financial transaction across an international border.

In-payments to the United States would be a byproduct of which of the following?

Group of answer choices

A U.S. firms sell insurance to Mexican shippers

B U.S. imports Japanese automobiles

C gold flows into the United States

D U.S. sends foreign aid to developing countries

Out-payments from the United States would be a byproduct of which of the following?

Group of answer choices

A U.S. purchases assets abroad

B U.S. exports computer software

C foreign tourists spend money in the United States

D foreigners purchase assets in the United States

The current account in a nation's balance of payments includes:

Group of answer choices

A all of these.

B purchases of foreign assets.

C its goods exports and imports, and its services exports and imports.

D foreign purchases of domestic assets.

A nation's capital and financial account:

Group of answer choices

A Includes both in-payments and out-payments.

B contains in-payment items, but not out-payment items.

C includes net investment income and net transfers.

D includes service exports and service imports.

In International trade, a nation's official reserves:

Group of answer choices

A is always zero.

B is always negative.

C consist of all domestic and foreign currency held by a nation's central bank.

D compensates for differences in the current and capital and financial accounts.

A nation that has a current account deficit and it does not have to make any in-payments or out-payments of official reserves, it must have a:

Group of answer choices

A deficit in its capital and financial account.

B surplus in its capital and financial account.

C balance of payments surplus.

D balance of payments deficit.

Of the combinations below, which is an accurate representation of balance of payments?

Group of answer choices

A current account = $+40 billion; capital account = $-20 billion; financial account = $-60 billion.

B current account = $-60 billion; capital account = $+30 billion; financial account = $+30 billion.

C current account = $+50 billion; capital account = $+30 billion; financial account = $-50 billion.

D current account = $+10 billion; capital account = $+30 billion; financial account = $+40 billion.

Which of the following would contribute to a United States balance of payments surplus?

Group of answer choices

A the United States makes a unilateral tariff reduction on imported goods

B Ford pays a dividend to a German stockholder

C the United States cuts back on U.S. military personnel stationed in Korea

D Swedish cookies becomes increasingly popular in the United States

Which of the following would contribute to a United States balance of payments deficit?

Group of answer choices

A Israel pays interest on its debt to the United States

B United States tourists travel in large numbers to India

C A wealthy Columbian citizen builds a mansion in Miami

D Toyota builds a motorcycle manufacturing plant in Greenfield

Characterize the trade deficit/surplus of the United States over the last several decades.How does this relationship explain the influence of the United States economy among International Trade?