If the Value of a State's Imports of Goods and Services

question 59

Multiple Choice

If the value of a state's imports of goods and services exceeds the value of its exports of goods and services,this is referred to as that state having

• A) a current account deficit.
• B) a balance of payments surplus.
• C) microeconomic policies in place.
• D) nontariff barriers.

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Definitions:

Armed

Being equipped with weapons, especially firearms, for defense, attack, or intimidation purposes.

Carefully Planned

Actions or tasks that are devised with consideration and forethought, often to achieve a specific goal or outcome efficiently.

Entirely Unplanned

Refers to events or actions that occur without any prior intention or preparation, often leading to spontaneous and unpredictable outcomes.

Over-Planned

A situation or activity that has been prepared with excessively detailed planning, potentially to the point of inefficiency.