The Real Current-Account Balance Is

question 29

Multiple Choice

The real current-account balance is:

• A)net real asset income from abroad less trade balance
• B)trade balance plus the net real asset income from abroad.
• C)trade balance times the net real asset income from abroad.
• D)trade balance less the net real income from abroad.

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Definitions:

Rational Mind

Denotes the aspect of human cognition that processes information logically, making reasoned judgments.

Rawls

denotes the philosophy of John Rawls, particularly emphasizing the principles of justice as fairness, which include the ideas of the original position and the veil of ignorance as methods to determine societal norms.

Sense of Justice

An innate or learned disposition to perceive and advocate for fairness and equity in social and personal interactions.

Bill of Rights

A document or part of a constitution that lists and protects the rights and freedoms of citizens.