O-LevelEconomicsInternational trade and globalisation2281/11 · Oct/Nov 2011 · Q381 Mark
Many sportsmen and sportswomen from developing countries go to the United States (US) to earn money, most of which they send back to their own countries. What impact would this have on the Balance of Payments?
AThe current account balance of the developing countries would improve.
BThe current account balance of the US would improve.
CThe trade balance of the developing countries would improve.
DThe trade balance of the US would improve.
✓ Correct answer
A: The current account balance of the developing countries would improve.
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