When the Balance of Trade Is in Balance, We Know

question 35

Multiple Choice

When the balance of trade is in balance, we know with certainty that

• A) the value of all debit transactions equals the value of all credit transactions.
• B) the value of exports of goods equals the value of imports of goods.
• C) the value of capital exports equals the value of capital imports.
• D) the value of exports of goods and services equals the value of imports of goods and services.

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Definitions:

Narcissist

An individual with an inflated sense of their own importance and a deep need for excessive attention and admiration.

Self-esteem

A person's overall sense of their own worth or value, which can affect their thoughts, behaviors, and emotions.

Infidelity

The act of being unfaithful to a spouse or partner, typically referring to sexual relationships outside of the agreed-upon boundaries of a relationship.

Self-actualizing

The process of realizing one's full potential, as per Abraham Maslow's hierarchy of needs, emphasizing creativity, growth, and personal development.