The Current Account Deficits Incurred by the United States in the 1990s

question 23

Multiple Choice

The current account deficits incurred by the United States in the 1990s and early 2000s were caused,in the opinion of many economists,by

• A)federal budget deficits.
• B)"flight to quality" as foreign investors favored U.S.investments.
• C)a sharp decline in private saving.
• D)Both B and C are correct.

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Definitions:

Embalming

The process of preserving a body after death using chemicals to delay decomposition, often for funeral proceedings.

Cultural Aspect

The elements of culture, including beliefs, norms, and social practices, that influence the behavior and perceptions of individuals within a society.

Mourning Customs

The rituals and practices that a culture or society follows in expressing grief and commemorating the dead.

Terminally Ill

A condition in which an individual is suffering from a disease or condition that is incurable and expected to lead to death.