A Country Has an Internal and External Balance When

question 47

Multiple Choice

A country has an internal and external balance when

• A)it has a trade surplus and a budget surplus
• B)the trade balance is zero and the government budget is balanced
• C)net exports and the inflation rate are both zero
• D)the trade balance and the unemployment rate are both zero
• E)the trade balance is zero and output is at the full-employment level

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Definitions:

European Colonies

were territories outside of Europe that were controlled and exploited by European powers from the 16th to the 20th centuries for economic, military, and strategic advantages.

Jesuit Influence

The impact and contributions of the Jesuit order, a Catholic religious society, in various fields such as education, missionary work, and scholarly research globally.

New France

A territory in North America colonized by France from the 16th to the 18th century, including parts of what are now Canada and the United States.

Jesuits

A religious order of the Catholic Church founded by Ignatius of Loyola, known for its educational, missionary, and charitable works.