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Explain Why Economies with Financial Account Surpluses Usually Have Current

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Essay

Explain why economies with financial account surpluses usually have current account deficits.


Definitions:

Close Friends

Relationships characterized by a high degree of trust, intimacy, and mutual respect, often formed through shared experiences over time.

Need to Belong

The need to belong is a fundamental human motivation to form and maintain strong, stable interpersonal relationships.

Trait Self-control

The personality characteristic that involves the ability to regulate one’s thoughts, feelings, and behaviors to achieve long-term goals.

Universal

Applicable everywhere or in all cases; general or widespread in nature.

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