Which of the Following Would Increase the Current Account Balance

question 261

Multiple Choice

Which of the following would increase the current account balance of the United States?

• A)an increase in imports
• B)an increase in the amount of money the U.S.government sends in foreign aid to other countries
• C)an increase in the balance of trade
• D)an increase in the amount of income U.S.companies pay out to foreigners who own investments in the United States.

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Definitions:

Equal Rights Amendment

A proposed amendment to the U.S. Constitution aimed at guaranteeing equal legal rights for all American citizens regardless of sex.

Stagflation

An economic situation characterized by stagnant economic growth, high unemployment, and high inflation.

Human Rights

Basic rights and freedoms that belong to every person in the world, from birth until death, irrespective of any distinction.

Jimmy Carter

The 39th president of the United States (1977-1981) known for his efforts in promoting peace and human rights globally, as well as his post-presidency humanitarian work.