Question Details

Changes in country ownership of long-term and short-term assets 



1. A General Agreement on Tariffs and Trade (GATT) accord in 1993 called for:
a. increased trade restrictions outside of North America.
b. lower trade restrictions around the world.
c. uniform environmental standards around the world.
d. uniform worker health laws.

 2. ______________ is (are) income received by investors on foreign investments in financial assets (securities).
a. Portfolio income	                           c. Unilateral transfers
b. Direct foreign income	                        d. Factor income

3. The World Bank's Multilateral Investment Guarantee Agency (MIGA):
a. offers various forms of export insurance.
b. offers various forms of import insurance.
c. offers various forms of exchange rate risk insurance.
d. provides loans to developing countries.
e. offers various forms of political risk insurance.

4. A weakening of the U.S. dollar with respect to the British pound would likely reduce the U.S. exports to Britain and increase U.S. imports from Britain.
a. true.	                  b. false

5. Changes in country ownership of long-term and short-term assets are measured in the balance of payments with the capital account.
a. true.	                   b. false.



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