Suppose a Country Has a Current Account Surplus and That

question 87

Multiple Choice

Suppose a country has a current account surplus and that there is no intervention by finance ministries or central banks. This current account surplus indicates that the country has

• A)a deficit in its capital account.
• B)a surplus in its capital account.
• C)the official reserve transactions balance is positive.
• D)the official reserve transactions balance is negative.

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Definitions:

Labor Relations (Wagner) Act

A foundational statute of US labor law which guarantees the rights of private sector employees to organize into trade unions, engage in collective bargaining, and take collective action such as strikes.

1930s

The decade from 1930 to 1939, characterized by the Great Depression worldwide, economic hardship, and in some places, political instability.

1940s

A decade in the 20th century that experienced significant global events, including World War II and the beginning of the Cold War.

AFL

The American Federation of Labor, a national federation of labor unions in the United States founded in 1886, focused on skilled workers.