Utopia Would Be a Debtor Nation

question 112

Multiple Choice

Utopia would be a debtor nation

• A)if consumers in other countries bought goods and services from Utopia
• B)only if it had a deficit in its current account
• C)only if it had a deficit in its balance of goods and services
• D)if it had a deficit in its balance of trade
• E)if it had a deficit after adding together the balances in both its current account and its capital account

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Definitions:

Consignee

The name for the retailer in a consigned inventory arrangement.

Net Income

The company's earnings remaining after deducting all expenses, including taxes and operational costs, from its overall revenue.

Security Measures

Procedures or actions taken to enhance the safety and protect the assets of individuals or businesses from various threats.

Safeguard Inventory

Strategies and measures implemented by a company to protect its inventory from damage, theft, and other losses.