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Q. If the United States government sells military hardware to Saudi Arabia, the transaction would be recorded on the U.S. balance of payments as a:

Q. In the balance of payments, the statistical discrepancy is used to:

Q. PPP theory is associated with the determination of _______

Q. International trade in goods and services is sometimes used as a substitute for all of the following except:

Q. A common or single market will have all of the following features except:

Q. Reducing a current account deficit requires a country to:

Q. In the Ricardian model:

Q. According to the Heckscher - Ohlin model, if the United States is richly endowed in human capital relative to Mexico, then as NAFTA increasingly leads to more bilateral free trade between the two countries,

Q. _______________are receipts which the residents of a country receive for free, without making any present or future service transaction in return.

Q. A trade-diverting customs union: