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5 cards from this section. Quick, good the night before a test.
What is the Balance of Payments?
Think about what the document captures.
Define surplus.
Consider when a country is selling more abroad.
What does the Balance of Payments record?
Consider what financial information is captured.
True or False: A surplus always indicates a strong economy.
Reflect on the trade relationship.
Analyze how a continuous surplus might influence a country's foreign investment policies.
Consider the benefits of having excess funds.
Discuss potential actions a government might take if faced with persistent trade deficits.
Think about how governments regulate economic health.
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