Excess Demand for a Specific Foreign Currency,such as the Pound,implies

question 70

Multiple Choice

Excess demand for a specific foreign currency,such as the pound,implies a

• A)Capital account surplus for the United States.
• B)Capital account deficit for the United States.
• C)Balance-of-payments deficit for the United States.
• D)Balance-of-payments surplus for the United States.

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Definitions:

Regressive

Relating to a tax system that disproportionately impacts those with lower incomes, or to policies that may reverse political or social progress.

Regressive Tax

A tax imposed in such a way that the tax rate decreases as the taxable amount increases, disproportionately affecting lower-income individuals.

Payroll Tax

Levies charged on employers or workers, typically based on a proportion of the wages that staff receive from their employers.

Labor Market

The labor market is an economic market in which workers seek employment and employers seek to hire workers, often influenced by factors like wages, demand, and qualifications.