Scenario: There Are Two Countries-Country X and Country Y-That Trade

question 148

Multiple Choice

Scenario: There are two countries-Country X and Country Y-that trade only with each other. During a particular year, the residents of Country X purchased buildings worth $10 billion in Country Y. None of the other transactions between the two countries during that year involved the purchase or sale of assets.
-Refer to the scenario above.The purchase of assets by the residents of Country X would lead to a ________ in Country X.

• A) trade deficit
• B) financial account deficit
• C) financial account surplus
• D) trade surplus

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Definitions:

Astrology

A belief system that posits the positions and movements of celestial bodies can directly influence human affairs and natural events.

Scriptures Literally

Interpreting religious texts in a way that takes the words in their most basic and straightforward meaning without metaphor or allegory.

Fundamentalists

Interpret their scriptures literally, seek to establish a direct, personal relationship with the higher being(s) they worship, and are relatively intolerant of nonfundamentalists.

Personal Relationship

A close, intimate, or familial connection between two or more individuals characterized by affection, trust, and mutual respect.