The 'Balance of Payments' Is A

question 30

Multiple Choice

The 'balance of payments' is a:

• A)measure of the value of merchandise goods bought and sold on international trade markets.
• B)summary record of a country's financial transactions with other countries.
• C)record of the value of goods and services bought and sold between countries.
• D)summary record of a country's purchases and sales of goods and services on international trade markets.

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Definitions:

Controversial

Provoking strong disagreement or disapproval, often involving public debate or contention.

Inequality

The unequal distribution of wealth, resources, or opportunities among individuals or groups within a society.

Rawls

Refers to John Rawls, an American political philosopher known for his theories of justice and "the veil of ignorance."

Morality of Principles

Involves ethical decision-making based on abstract, universal principles such as justice, equality, and respect for individual rights, rather than on personal or societal consequences.