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Kamila [148]
3 years ago
8

When it is reported that a nation is experiencing a "balance of payments deficit," this is best interpreted to mean that the nat

ion is experiencing?
Business
2 answers:
JulsSmile [24]3 years ago
8 0
<span>When it is reported that a nation is experiencing a "balance of payments deficit," this is best interpreted to mean that the nation is experiencing? If it is reported that the nation is experiencing a balance of payments deific, the country is importing more goods, services and capital than it is exporting. When this happens, the nation has to borrow funds and items from other countries to help pay for what they are importing until the have the cash funds to pay for them, themselves. When this starts the happen, the nation that this is hurting should try and balance their payments and monitor transactions better to eliminate this in the future. </span>
Anni [7]3 years ago
3 0

<u>The nation is experiencing ‘balance of payment deficit’ means that a decrease in foreign exchange reserves. </u>

<u> </u>

Further Explanation:

Balance Of Payments(BOP): It refers to the country's statistical record of international transactions that have taken place over a period of time represented or prepared in the double-entry bookkeeping format. It is useful because:

  • It provides the information about the demand and supply of the currency.
  • It is useful for the evaluation of the country's financial performance.

The balance of payment can either be surplus or deficit. If the balance of payment is surplus, then it means that the country export more services and goods than its import.The balance of payment deficit means that the country's imports are more than its export. It implies that the foreign exchange reserve is decreasing because the country is importing more than it is exporting.  

<u>Therefore,the nation is experiencing a 'balance of payment deficit' means that its foreign exchange reserves are decreasing or depleting. </u>

Learn more:

1. Learn more about the demand equalibirium

brainly.com/question/2656746

2. Learn more about the demand of the product

brainly.com/question/2488917

3. Learn more about the elasticity of demand

brainly.com/question/6255841

Answer details:

Grade: High School

Subject: Economics

Chapter: Balance of payment

Keywords: Balance of payment, surplus, deficit, decrease in foreign exchange reserves, foreign exchange reserves .

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Answer:

Q1.

Requirements for the successful price discrimination

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Yes, Dry Cleaning qualifies for price discrimination because it may be on first come first serve bases. Meanwhile, when the client needs the service urgently, the price for same service may increase which results in price discrimination.

Q2.

Other examples of price discrimination

Example of price discrimination are

1. The cost of movie tickets in a cinema: Prices at one theater are different for children, adults, and seniors. Also, the price may also vary due to preferential treatment given to VIP to watch same movie with other. Some cinema houses also give less privilege people or people with special needs such as albinos lesser prices. The prices of each ticket can also vary based on the day and chosen show time. Ticket prices also vary depending on the portion of the country as well.

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