If Japan Has a Current Account Surplus, Then It Must

question 105

Multiple Choice

If Japan has a current account surplus, then it must:

• A) have an offsetting capital account deficit.
• B) also have a surplus in its capital account.
• C) import more goods than it exports.
• D) have a positive balance of payments.

Analyze the impact of technological advancements on supply.

Understand how changes in consumer preferences and population demographics affect demand.

Comprehend how market mechanisms (increase or decrease in the number of firms) affect supply.

Recognize the reasons behind the upward slope of the supply curve.

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Definitions:

Demoralized

Refers to a state in which an individual or group feels a loss of courage, confidence, or morale.

George Washington

The first President of the United States (1789–1797), commander of the Continental Army during the American Revolutionary War, and a Founding Father of the United States.

Early in the War

A phase referring to the initial stages of a conflict when strategies are forming, alliances may still be fluid, and the full scale and duration of the war are not yet clear.

Common Sense

A pamphlet written by Thomas Paine in 1776 advocating independence from Great Britain to people in the Thirteen Colonies, emphasizing the need for common sense judgement.