Which of the Following Statements Is True

question 190

Multiple Choice

Which of the following statements is true?

• A) A current account deficit is indicative of an impending recession.
• B) A current account surplus suggests that a country's exchange rate is above equilibrium.
• C) International trade is desirable because of its potential to improve country's standard of living.
• D) A current account deficit is likely to lead to rising unemployment.

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Definitions:

Symbolize

To represent something else by association, resemblance, or convention, using a symbol.

Seniors

Individuals of advanced age, often defined as being over a certain age threshold, such as 65 years old.

Requirements

Conditions or capabilities needed by a user to solve a problem or achieve an objective.

Graduate

A person who has successfully completed a course of study or training, especially a person who has been awarded an undergraduate or first academic degree.