A Balance of Payments Surplus Occurs When a Country Experiences

question 73

Multiple Choice

A balance of payments surplus occurs when a country experiences a _______ that is not matched by additional purchases of _______ by the private sector.

• A) current account surplus; foreign assets
• B) current account surplus; government issued debt
• C) financial account surplus; foreign assets
• D) capital account surplus; home made goods and services

Comprehend the principles of accord and satisfaction and its enforceability.

Identify sufficient consideration in contractual agreements.

Explain the concept of promissory estoppel and its application.

Analyze contract modifications and their enforceability.

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Definitions:

Difficult Temperament

A personality trait characterized by high levels of irritability, difficulty in adapting to change, and intense emotional reactions.

Irritable

Experiencing or showing a tendency to be easily annoyed or made angry.

Stranger Wariness

A developmental phase in infants and young children where they become cautious and sometimes fearful around unfamiliar people.

Stranger Wariness

Stranger wariness is the caution or distress that babies or young children exhibit when approached or picked up by someone unfamiliar.