Under the Simplifying Assumptions Made in the Text, a Current

question 79

Multiple Choice

Under the simplifying assumptions made in the text, a current account surplus

• A) arises when a country's exchange rate rises.
• B) arises when the purchase of foreign assets by a nation's citizens exceed the purchase of domestic assets by a nation's citizens.
• C) is necessary for a long run economic growth.
• D) arises when exports exceed imports.

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Definitions:

Social Inequalities

Refers to disparities in income, wealth, power, and status among individuals and groups in society.

Power And Status

Concepts denoting the capacity to influence others and the position or rank within a social hierarchy, respectively.

Prejudiced

Holding preconceived opinions or judgments about people or groups without sufficient knowledge, fairness, or reason, often leading to discrimination.

Achievements

Notable accomplishments or the successful completion of tasks, often marked by a high level of skill or effort.