Explain Why Latin American Nations Tend to Have Surpluses for Their

question 40

Essay

Explain why Latin American nations tend to have surpluses for their balance of trade, yet deficits on their current account balance.

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Definitions:

Objectivity

The quality of being unbiased, not influenced by personal feelings or opinions in considering and representing facts.

Mental Operations

The processes of thinking and reasoning, including problem-solving, decision-making, and the manipulation of abstract concepts.

Object Permanence

The understanding in infants and young children that objects continue to exist even when they are not visible.

Sensory Perceptions

The process of receiving and interpreting information from the external world through the sensory organs.