If the Current Account Is in Surplus,we Know That

question 69

Multiple Choice

If the current account is in surplus,we know that

• A)the merchandise trade balance is also in deficit.
• B)the merchandise trade balance is in surplus.
• C)the capital account is in deficit.
• D)there is a statistical discrepancy in the surplus.

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Definitions:

Hypothetical-Deductive Reasoning

Piaget’s formal operational concept that adolescents have the cognitive ability to develop hypotheses about ways to solve problems and can systematically deduce which is the best path to follow in solving the problem.

Formal Operations

The stage in Piaget's theory of cognitive development where abstract and logical thinking is developed, usually during adolescence.

Formal-Operational Thought

A stage in Piaget’s theory of cognitive development where individuals gain the ability to think abstractly and logically.

Trial-And-Error

A method of solving problems through repeated, varied attempts until success or an optimal solution is found.