The two major types of transactions that affect the international flow of money are trade in goods and services and capital flows.
Answer: Option D
<u>Explanation:
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Out of all data on international economic transaction in the US, capital flow indicators are most prone to misleads and gaps. It is the exchange in financial assets between US and foreign residents.
Over the past ten years, capital flows have even exceeded trade flows. Information on this is largely needed to study the degree of US economy's internationalisation as below,
- Changing financial markets process in America
- Impact of foreign direct investments on the internal economy
- Foreign investment income in the US and net foreign debt service tax in the US
- The relationship between foreign capital flows and US interest and exchange rate.
Since net capital flows must be consistent with the balance of transactions and transfers (check account) for international goods and services, better information on cash flows would help explain the accuracy of US check account data.
From the example given, it can be said that a type of social influence called informational social influence is happening to the French people.
Informational social influence is <u>a type of social influence where the individual conforms to a certain set of behaviors and norms because he or she believes that someone else is more knowledgeable about that situation. </u>
In the case of Halloween, since it is an American holiday, the French are imitating traditions that the Americans do during the celebration since the French are unfamiliar with the customs that people do during Halloween.
The theory of social contract brought everyone together and united the america’s , this was during world war 3
