Which of the Following Was a Primary Cause of the U.S.balance

question 7

Multiple Choice

Which of the following was a primary cause of the U.S.balance of payments deficits during the late 1960s?:

• A)Capital outflows
• B)Domestic inflation
• C)Increased foreign competition
• D)All of the above

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Definitions:

Perfect Vacuum

An idealized state with no matter or particles present, and hence no pressure or air, which is physically unattainable but used as a baseline or reference point.

Psia Gauge

A pressure measurement expressed in pounds per square inch absolute, including the atmospheric pressure.

Atmospheric Pressure

Ambient pressure at sea level equivalent to 14.7 psia, 101.3 kPa, 1 atm, or 1.01 bar.

Psia

Pounds per square inch absolute. Measure of pressure values used in North America that factors in atmospheric pressure of 14.7 psi.