A Balance of Payments ________ Is Associated with a Loss

question 71

Multiple Choice

A balance of payments ________ is associated with a loss of international reserves,while a balance of payments ________ is associated with a gain.

• A) surplus; surplus
• B) surplus; deficit
• C) deficit; surplus
• D) deficit; deficit

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Definitions:

Sherman Act

A landmark federal statute in the United States antitrust law passed by Congress in 1890 to prohibit monopolies and other activities that restrict competition.

Clayton Act

A U.S. antitrust law enacted in 1914, aimed at prohibiting specific business activities that lessen competition, such as price discrimination, exclusive dealings, and mergers that significantly reduce market competition.

Competitive Firms

Businesses that operate in markets where there are many buyers and sellers, and no single entity can control the price.

Sherman Act

A foundational antitrust law in the United States aimed at prohibiting monopolies and fostering competition among businesses.