Current Account Exports of goods and services $400 Imports of goods and services $500 Investment income received $100 Investment income paid $75 Unilateral transfers received $100 Unilateral transfers paid $80

Current Account Exports of goods and services $400 Imports of goods and services $500 Investment income received $100 Investment income paid $75 Unilateral transfers received $100 Unilateral transfers paid $80

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 21RQ: Name and define three policy tools for enacting protectionism.

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Question

Using this table, determine the value of the balance of the current account.

a. -$100

b. -$25

c. -$20

d. -$55

Current Account
Exports of goods and services
$400
Imports of goods and services
$500
Investment income received
$100
Investment income paid
$75
Unilateral transfers received
$100
Unilateral transfers paid
$80

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