Canada's Balance of Payments Is Sometimes Incorrectly Said to Be

question 89

Multiple Choice

Canada's balance of payments is sometimes incorrectly said to be "in deficit." The reason this must be incorrect is that

• A)Canada's balance of payments has been in surplus for almost all of its history.
• B)unlike most countries,Canada's balance of payments is almost always balanced.
• C)like any other country in the world,Canada's balance of payments is always perfectly balanced.
• D)the Canadian government has long been committed to avoiding balance of payments deficits.
• E)it is not possible for capital flows to be in a deficit situation.

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Definitions:

Personal Needs

Personal needs refer to the essential requirements necessary for an individual to achieve basic satisfaction, including physical, social, and psychological needs.

Need For Achievement

A psychological trait characterized by a strong desire to accomplish challenging tasks and meet high standards of success.

Maslow Hierarchy

A theory in psychology proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from basic physiological needs to higher levels of psychological needs and self-fulfillment.

Level Of Needs

Typically refers to Maslow's hierarchy of needs, which categorizes human needs into five levels from basic (e.g., physiological) to high-level (e.g., self-actualization) needs.