If the Balance on the Current Account in the United

question 263

Multiple Choice

If the balance on the current account in the United States is $750 billion,which of the following is most likely to be true?

• A)The balance on the financial account is negative.
• B)The trade balance is negative.
• C)Net foreign investment is negative.
• D)The balance on the capital account is positive.

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Definitions:

Me Decade

A term used to describe the 1970s in the United States, characterized by a cultural shift towards personal self-realization and individualism.

Economic Inequality

The unequal distribution of income and opportunity between different groups in society, often leading to social and economic divisions.

Modern Conservatism

A political philosophy that emphasizes the value of traditional institutions and practices, limited government, and free-market economics.

Industrial Heartland

Regions predominantly found in the northern and central parts of the USA, historically characterized by heavy manufacturing and industry.