With Respect to Canada's Balance of Payments

question 118

Multiple Choice

With respect to Canada's balance of payments,

• A)if the current account is in deficit,the capital account must also be in deficit.
• B)the current account balance must be zero.
• C)the trade account balance must be zero.
• D)total payments must equal total receipts.
• E)if the current account is in surplus,the capital account must also be in surplus.

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Definitions:

Enlightenment Thinking

An intellectual movement in 18th-century Europe emphasizing reason, individualism, and skepticism of traditional authority.

Power Structure

The organization and distribution of power within a society, determining how decisions are made and who holds influence.

Social Facts

General social features that exist on their own and are independent of individual manifestations.

Verstehen

A german term used by Max Weber to denote the importance of understanding social action from the perspective of those engaged in it.