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AP Econ Unit 5 Balance of Trade/Balance of Payments

Quiz by Mark Stegall

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8 questions
Show answers
  • Q1
    Suppose the United States has a surplus balance in the current account. which of the following statements is TRUE?
    There was more foreign capital invested in the united States than there was U.S. invesmtn abroad.
    The United States sent more dollars abroad than there was foreign currency received
    There is a trade surplus
    there is a balance of payments deficit
    30s
  • Q2
    Honda buys an automobile factory in Ohio. On the U.S. balance of payments this is recorded
    in the capital (Financial) account as inflows of foreign assets to the United States.
    on the official Reserves on the U.S. balance of payents
    as outflow on US assets abroad
    as net investment income
    30s
  • Q3
    The current account deficit will NOT decrease as a result of
    a decrease in imports
    a weaker domestic currency
    a stronger domestic currency
    an increase in exports
    30s
  • Q4
    If Honda sells a motorcycle factory in California this is recorded
    as inflow on U.S assets abroad
    in the capital account as outflow of foreign assets from the United States
    on the official Reserves on the U.S balance of payments
    in the current account
    30s
  • Q5
    Which of the following best describes the capital account on the nation's balance of payments?
    a limited amount of foreign currency
    the purchase and sale of real and financial assets between nations
    the purchase of foreign real estate assets
    the current export payments of goods and services
    30s
  • Q6
    Remittances from international workers are included in
    the balance of trade
    the capital account
    foreign direct investment
    the current account
    30s
  • Q7
    When a country has a deficit in its balance of trade
    the value of its imports exceeds the value of its exports
    foreign investment in the country is less than the value of its overseas investments
    the value of its exports exceeds the value of its imports
    foreign investment in the country exceeds the value of its overseas investents
    30s
  • Q8
    Australia's economy is enjoying growth and expansion. How will this affect US. net exports, and the value of the U.S. dollar and the Australian dollar? Look at image above for choices.
    Question Image
    D
    E
    C
    B
    30s

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