When There Is a Current Account Deficit, It Is Likely

question 104

Multiple Choice

When there is a current account deficit, it is likely that

• A)exports exceed imports for the country.
• B)the country is an exporter of capital.
• C)the capital account has a surplus.
• D)the country has a budget surplus.

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Definitions:

Republicans

A political party in the United States, historically starting as a platform against the spread of slavery in the territories before the Civil War, and currently known for advocating conservative positions on economics, national defense, and social issues.

Democrats

A member or supporter of the Democratic Party in the United States, one of the two major contemporary political parties in the country, generally associated with liberal, progressive, and socially democratic policies.

Reconstruction Amendments

The 13th, 14th, and 15th amendments to the United States Constitution, passed after the Civil War, which abolished slavery, granted citizenship rights, and protected voting rights for all men regardless of race.

Constitution

The supreme law of the United States, adopted in 1787, outlining the nation's government structure, its fundamental principles, and the rights of its citizens.