The Balance of Payments Has Become a Central Issue for the United

question 27

Multiple Choice

The balance of payments has become a central issue for the United States because

• A) when the balance of payments is not balanced, society is unbalanced.
• B) the U.S. economy cannot grow when the balance of payments is in deficit.
• C) the U.S. has run huge trade deficits in every year since 1982.
• D) the U.S. never experienced a surplus in its balance of payments.
• E) the U.S. once ran a large trade surplus of about $40 billion.

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Definitions:

Emotional Intelligence

The skill to comprehend, regulate, and communicate one's emotional state, alongside the capability to manage social interactions with discretion and empathy.

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives, often involving considerations of risk, benefit, and personal values.

Emotional Intelligence

The ability to understand, use, and manage your own emotions in positive ways to relieve stress, communicate effectively, empathize with others, overcome challenges, and defuse conflict.

Sleep-Waking Cycles

The biological rhythm of sleep and wakefulness, typically operating on a 24-hour cycle.