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

question 100

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 County X would lead to a ________ in County Y.

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

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Definitions:

Empowering

Giving individuals or groups the authority or power to make important decisions and control over their lives or work.

Utilitarians

Adherents of utilitarianism, a moral philosophy that advocates for actions that maximize overall happiness or minimize overall suffering.

Ethical Choices

involve decisions that align with one's moral principles, often considering the broader implications for society and the environment.

Objectivity

The practice of being unbiased and impartial, especially in the evaluation of information or in decision-making.