For the United States, a Consequence of Its Current Account

question 138

True/False

For the United States, a consequence of its current account deficit is a growing foreign ownership of the capital stock of the United States and a rising fraction of U.S.income that must be diverted abroad in the form of interest and dividends to foreigners.

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Definitions:

Civil Suit

A legal proceeding initiated by an individual or entity (plaintiff) against another (defendant) for the resolution of a personal or contractual dispute.

Legal Action

The process of using the law or court system to resolve disputes or seek justice.

Grassroots Groups

Organizations or movements that are driven by the constituents of a community to address local concerns, needs, or interests.

Environmental Movement

A diverse scientific, social, and political movement for addressing environmental issues.