On the balance-of-payments statements, merchandise imports are classified in the:

Related MCQs

• Which among the following best explains the difference between Trade in Invisibles and merchandise trade?
• The trade theory that states that nations should accumulate financial wealth, usually in the form of gold, by encouraging exports and discouraging imports is called
• In 2003, the US had the largest total amount of imports from and exports to
• Approximately what percent of US imports occur through transactions conducted by a multinational corporation?
• Tariffs and quotas on imports tend to involve larger sacrifices in national welfare than would occur under domestic subsidies. This is because, unlike domestic subsidies, import tariffs and quotas:
• Govt. policy about exports and imports is called:
• A fall in the value of the pound is likely to decrease spending on imports if:
• The records of exports and imports in goods and services and transfer payments is known as
• If a commodity is classified as "labor-intensive" at one set of relative factor prices but "capital-intensive" at another set of relative prices, this situation is known as
• Most international trade today is classified as trade in