If the Official Settlements Account Equals Zero, the Fact That

question 178

Multiple Choice

If the official settlements account equals zero, the fact that the United States has a current account deficit means that the

• A) United States has a deficit in its capital account.
• B) United States is a bad place to invest capital.
• C) United States has a surplus in its capital account.
• D) economy in our country is weak, and we cannot compete with the Chinese.

---

Definitions:

Machine-Hours

A unit of measure indicating the total time production machinery is operated, used in calculating manufacturing costs and efficiencies.

Cost of Work

This could refer to the total expenses associated with performing a particular job or task, including labor, materials, and overhead costs.

Overapplied Overhead

A scenario in which the overhead costs assigned surpass the real overhead expenses incurred.

Allocation

The process of assigning costs or resources to various departments, products, or activities based on specific criteria.