When There Are Large Federal Budget Deficits,the Trade Deficit Tends

question 8

True/False

When there are large federal budget deficits,the trade deficit tends to shrink.

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Definitions:

Audit Standard

Guidelines or rules that auditors follow to ensure financial statements are fairly and accurately presented and in compliance with the accounting standards.

Public Company Accounting Oversight Board (PCAOB)

A nonprofit corporation established by Congress to oversee the audits of public companies in order to protect the interests of investors.

Investment Company Act of 1940

A law that regulates investment companies and the activities they engage in, including mutual funds, to protect the interests of investors.