Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following statements regarding current accounts is correct, ceteris paribus? [1 mark] Select one: a.A decrease in the trade surplus would lead to

Which of the following statements regarding current accounts is correct, ceteris paribus?

[1 mark]

Select one:

a.A decrease in the trade surplus would lead to an increase in a country's current account.

b.A decrease in the official aid payment sent to other countries means a lower current account.

c.A decrease in remittances by a country's nationals abroad would lead to a lower current account.

d.A country with zero trade balance but historically high foreign direct investment would always have a current account deficit.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Microeconomics

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

2nd edition

1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025

More Books

Students also viewed these Economics questions

Question

What are unemployment taxes?

Answered: 1 week ago