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umka2103 [35]
3 years ago
10

The summary of a state’s financial transactions with the rest of the world, including trade, __________, and the remittance of i

ncome by citizens employed abroad, is known as a balance of payments.
Business
1 answer:
Oduvanchick [21]3 years ago
8 0
The summary .................. including trade, FOREIGN AID and the remittance............. Balance of payment is the record of all economic transactions between the residents of a country and the rest of the world in a particular period of time. A balance of payment allows a country to monitor its import and export rates.
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If there is always a 4-for-1 tradeoff between producing good X and good Y, it follows that the opportunity cost of X (in terms o
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