The balance of trade refers to the balance of imports and exports. True or false

What will happen to the US trade deficit if the US is in a recession while our trading partners are strong

How can the United States improve trade deficit? Give three solutions.

If Americans decide to buy more goods from India, and the Indian producers use all of the money to buy American goods, the U.S.: current account deficit and capital account surplus have both decreased. current account deficit and capital account surplus have both increased. current account deficit has decreased and the U.S. capital account surplus has increased. current and capital accounts have not changed.

Trade distortion effects increases estimates of the United States' trade deficit with China. To what degree do you agree or disagree with this statement. Be sure to provide reasons why.

Define the term TRADE DEFICIT

If the current account is in surplus and the capital account is zero, then the financial account must be in deficit. the trade balance must be in deficit. the balance of payments must be in deficit. there is a capital inflow.

If China has a trade surplus with the United States, it is a good thing for the U.S economy? True or False

Compare and contrast changes in the value of the US Dollar on the trade deficit

In 2012, the economy of the Utopia exported goods worth $232 billion and services worth another $87 billion. It imported goods worth $225 billion and services worth $56 billion. Receipts of income from abroad were $110 billion while income payments going abroad were $91 billion. Government transfers from the Utopia to the rest of the world were $23 billion, while various Utopia government agencies received payments of $16 billion from the rest of the world. Calculate Utopia’s merchandise trade balance for 2012.  Calculate the current account balance for 2012.  Explain how you decided whether payments on foreign investment and government transfers counted on the positive or the negative side of the current account balance for Utopia in 2012.  sdf sds