If a Nation's Balance of Payments Is Always in Balance

question 2

Essay

If a nation's balance of payments is always in balance, why isn't it also always in equilibrium?

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Definitions:

Wheeling, West Virginia

A city located in the Northern Panhandle of West Virginia, historically known as a significant industrial center and the location of the 1861 Wheeling Convention.

Joseph McCarthy

An American senator known for leading a campaign against alleged communists in the U.S. government and other institutions during the early 1950s, often termed McCarthyism.

Communists

Individuals or groups who advocate for communism, a socio-economic ideology aiming for a classless society and communal ownership of production means.

Operation Wetback

A controversial immigration law enforcement initiative carried out in the United States in 1954, aimed at the mass deportation of Mexican nationals.