If a Country Consistently Realizes a Current Account Surplus in Its

question 31

True/False

If a country consistently realizes a current account surplus in its balance-of-payments, it likely will become a net debtor in its balance of international indebtedness.

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Definitions:

Entrepreneur

An individual who initiates, manages, and assumes the risks of a business venture, aiming to transform innovations into economic goods.

Cosmetics Companies

Businesses that specialize in producing and selling beauty and personal care products.

Transform Resources

The process of converting resources (labor, materials, capital) into goods and services more valued by society.

Market Economy

A market economy is a system where the supply and demand for goods and services determine prices and production levels, operating with minimal government intervention.