An Unfavorable Trade Balance Is Called A(n)

question 121

Multiple Choice

An unfavorable trade balance is called a(n)

• A) balance of trade.
• B) trade deficit.
• C) currency devaluation.
• D) balance of payments.
• E) import balance.

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Definitions:

Self-concept

Self-concept is an individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and personality.

Self-actualization

A concept in psychology referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Maslow's Theory

A psychological theory proposed by Abraham Maslow that suggests human needs are arranged in a hierarchy from physiological needs to safety, love and belonging, esteem, and self-actualization.

Self-actualization

The achievement of unlocking one’s abilities and possibilities, seen as an innate motivation or necessity found within all individuals.