In a County with a Trade Deficit

question 55

Multiple Choice

In a county with a trade deficit,

• A) there will be high unemployment and lower wages.
• B) there will be higher prices.
• C) the value of its currency will increase.
• D) there will be more choice in consumer goods.

---

Definitions:

U.S. Court of Appeals

A federal court system responsible for hearing appeals from district courts and certain administrative agencies.

Conflict Resolution

The process of resolving or finding a solution to a dispute or disagreement between parties.

Conceptual Skills

The ability to understand complex ideas and problems, and to develop creative and effective solutions.

Bargaining Power

The ability of one party to exert influence over another in negotiations to achieve favorable terms.