Which of the Following Do Most Economists Consider to Be

question 82

Multiple Choice

Which of the following do most economists consider to be the most basic measure of a nation's international transactions?

• A)Balance on current account
• B)Balance on capital account
• C)Balance of merchandise trade
• D)Balance on long-term capital

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Definitions:

Policy of Deterrence

A strategy aimed at dissuading an adversary from taking an unwelcome action by threatening negative consequences or retaliation.

Containment

A strategic policy aimed at preventing the expansion of an adversary's influence or ideology, often used in the context of the Cold War.

Cold War

A period of geopolitical tension between the Soviet Union and the United States and their respective allies, which lasted from the end of World War II until the dissolution of the Soviet Union in 1991.

Monroe Doctrine

A principle of US foreign policy that opposed European colonialism in the Americas and stated that any intervention by external powers in the politics of the Americas is a potentially hostile act against the US.