Which of the Following Is True of a Country That

question 27

Multiple Choice

Which of the following is true of a country that is running a deficit on a balance-of-payments current account?

• A)It is importing fewer goods and services than it is exporting.
• B)It may result in depreciation of the country's currency on the foreign exchange market.
• C)It will lead to very low interest rates in the country.
• D)It will lead to a shortage of the country's currency in the foreign exchange market.
• E)It is engaging in neo-mercantilism.

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Definitions:

Individual Inequity

The unequal distribution of resources, opportunities, and treatment experienced by individuals based on various personal attributes.

Stratification

The hierarchical arrangement of individuals or groups in society on the basis of social, economic, or other distinctions.

Noneconomic Dimension

Aspects of life or society not directly related to economic activities, including cultural, social, and emotional factors.

Religion

A set of beliefs, practices, and moral values centered around questions of existence, the nature of the universe, and spiritual experiences, often involving worship of a higher power or powers.