Under the Simplifying Assumption Made in the Text, a Current

question 173

Multiple Choice

Under the simplifying assumption made in the text, a current account deficit exists when

• A) net exports are positive.
• B) financial flows out of a country for goods and services is less than financial flows into the country for its goods and services.
• C) a country has a trade deficit.
• D) an economy buys less from foreigners than it sells to them.

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Definitions:

Conversational Procedure

The methods and rules that guide how conversations are conducted, including turn-taking, interruptions, repairs, and other aspects of spoken interaction.

Shyness

Shyness is a feeling of apprehension, lack of comfort, or awkwardness experienced when a person is near, approaching, or being approached by other people, especially in new situations or among strangers.

Pragmatists

Philosophers or thinkers who emphasize practical consequences and real-world effects as critical components of meaning and truth.

Useful

Pertains to something being of value or benefit, serving a purpose or fulfilling a need.