To Correct a Balance of Payments Deficit and Unemployment a Nation

question 5

Multiple Choice

To correct a balance of payments deficit and unemployment a nation requires a:

• A)devaluation and expansionary fiscal and monetary policies
• B)devaluation and contractionary fiscal and monetary policies
• C)devaluation and either expansionary or contractionary fiscal and monetary policies
• D)revaluation and either expansionary or contractionary fiscal and monetary policies

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Definitions:

Gross Returns

The total financial gains received from an investment before any deductions are made for expenses, taxes, or losses.

Limited Liability Partnerships (LLPs)

A business structure where partners have limited personal liability for the debts of the partnership.

LLP Statute

A legal regulation that governs the formation, operation, and dissolution of Limited Liability Partnerships, addressing aspects like liability and tax treatment of partners.

RLLP

A Registered Limited Liability Partnership, a form of partnership in which some or all partners have limited liabilities, protecting them from certain types of legal action brought against the partnership.