A Nation's Trade Deficit Will Tend to Shrink When

question 31

Multiple Choice

A nation's trade deficit will tend to shrink when

• A)its economy is expanding.
• B)its economy is shrinking.
• C)its investment environment is less attractive to foreigners.
• D)b and c are true.

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Definitions:

Islam

A monotheistic religion founded in the 7th century, based on the teachings of Prophet Muhammad and the holy book, the Quran.

Hinduism

A major religious and cultural tradition of South Asia, developed from Vedic religion.

Buddhism

A spiritual tradition and religion based on the teachings of Buddha, focusing on personal spiritual development and the attainment of a deep insight into the nature of life.

Institutional Systems

Structures and mechanisms of social order and cooperation governing the behavior of a set of individuals within a given human community.