Which of the Following Was a Primary Cause of the U.S.balance

question 7

Multiple Choice

Which of the following was a primary cause of the U.S.balance of payments deficits during the late 1960s?:

• A)Capital outflows
• B)Domestic inflation
• C)Increased foreign competition
• D)All of the above

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Definitions:

Statute of Frauds

A legal concept that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Orally Agree

To come to a mutual decision or arrangement through spoken words rather than written documents.

Contract Rescission

The legal act of canceling a contract and returning the parties involved to their positions before the contract was signed.

Mistake Of Value

A legal concept referring to an error made by one or both parties at the time of contract formation, concerning the value of the goods or services to be exchanged.