A Current Account Surplus Exists When the Balance on Current

question 12

True/False

A current account surplus exists when the balance on current account is positive.

---

Definitions:

Normative Influence

Social influence leading individuals to conform in order to be accepted or liked by a group, following the group's norms and expectations.

Group Polarization

The phenomenon whereby a group's dominant viewpoint becomes stronger or more extreme after group discussions.

Nonverbal Communication

The process of conveying a message without the use of words, which may include facial expressions, body language, gestures, and tone of voice.

Selective Perception

The process by which individuals perceive what they want to in media messages while ignoring opposing viewpoints.