An Economic Condition in Which a Trade Deficit Causes a Permanent

question 40

Multiple Choice

An economic condition in which a trade deficit causes a permanent negative shift in a country's balance of payments is called ________.

• A) revaluation
• B) statistical discrepancy
• C) the Fisher effect
• D) fundamental disequilibrium

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Definitions:

NEPA

Stands for the National Environmental Policy Act, a U.S. federal law that promotes the enhancement of the environment and establishes the necessary processes for environmental impact statements.

Local Municipality

A city, town, or other district possessing corporate status and usually its own local government within a larger state or nation.

Injection of Wastes

The disposal of waste by pumping it below the earth's surface into porous rock formations.

Clean Water Act

U.S. federal law aimed at reducing pollution and protecting the quality of the nation’s waters.