Suppose China had a $112 billion overall current account deficit in 2018. Assuming that China's net debt forgiveness was zero in 2018 (its capital account balance was zero), by how much did Chinese purchases of
financial and real assets abroad exceed foreign purchases of Chinese financial and real assets?

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.