A Country with a Positive Current Account Balance Has a Trade

question 58

True/False

A country with a positive current account balance has a trade deficit;that is,the outflow of money to pay for imports exceeds the inflow of money for sales of exports.

---

Definitions:

US Invasion

A military action initiated by the United States against another nation or territory, often aimed at changing political conditions or asserting US influence.

Privatized Social Security

A system where social security services are managed by private entities rather than the government, aiming to offer retirement, disability, and survivor benefits.

Healthcare Reform

Efforts to improve or overhaul a country's healthcare system to increase access to health services, improve quality, and reduce costs.

Bush Administration

The era identified by George W. Bush’s presidency, notable for the War on Terror, including the Afghanistan and Iraq wars, following the September 11 attacks.