If a Country Has a Large Deficit in Its Current

question 41

Multiple Choice

If a country has a large deficit in its current account

• A)it has a large surplus in its financial account.
• B)it exports more than it imports.
• C)it is a net creditor to the rest of the world.
• D)None of the above are necessarily true.

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Definitions:

Direct Democracy

A form of democracy in which people vote on policy initiatives directly, without intermediaries or representatives.

Totalitarian

A system of government where the state holds total control over the society and seeks to control all aspects of public and private life.

Authoritarian

A governing system characterized by strong central power and limited political freedoms, where individual rights are often subordinate to the state's authority.

Sovereign Request

A formal petition or demand made by a sovereign state or its representative, often pertaining to diplomatic or legal issues.