The Balance of Payments Has Become a Central Issue for the United

question 27

Multiple Choice

The balance of payments has become a central issue for the United States because

• A) when the balance of payments is not balanced, society is unbalanced.
• B) the U.S. economy cannot grow when the balance of payments is in deficit.
• C) the U.S. has run huge trade deficits in every year since 1982.
• D) the U.S. never experienced a surplus in its balance of payments.
• E) the U.S. once ran a large trade surplus of about $40 billion.

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Definitions:

Abuse of Process

Abuse of process refers to the misuse of legal procedures for malicious purposes or to harm another, rather than to achieve a legitimate legal outcome.

Public Figure Privilege

A special right, immunity, or permission that allows people to make any statement about public figures, typically politicians and entertainers, without being held liable for defamation as long as false statements were not made with malice.

Defamation

The act of making false statements that harm another person's reputation.

Actual Malice

In defamation, either a person’s knowledge that his or her statement or published material is false or the person’s reckless disregard for whether it was false.