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The balance of payments summarizes the transactions that occur

Resolved Question:

The balance of payments summarizes the transactions that occur during a given time period between:
A:the government of one country and the government of another country.
B:the national government and local governments in the same country.
C:individuals, firms, and government of one country and individuals, firms, and governments throughout the rest of the world.
D:individuals, firms, and governments of two countries.

The U.S. dollar will appreciate if:
a:the U.S. demand for foreign exchange decreases.
b:the U.S. demand for foreign exchange increases.
c:the U.S. supply of foreign exchange decreases.
d:Americans want to buy more foreign goods.

What is a primary reason nations conduct international trade?
a:Some nations prefer to produce one good over another.
b: Resources are not equally distributed among all trading nations, so trade is economically beneficial.
c: Trade enhances opportunities for nations to be self-reliant.
d: Interest rates are not identical in all trading nations.
Submitted: 5 years ago.
Category: Homework
Expert:  Dr. Amit replied 5 years ago.

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