A Current Account Deficit Exists When

question 338

Multiple Choice

A current account deficit exists when:

• A) the balance on current account is negative.
• B) spending flowing out of the country is less than spending flowing into the country.
• C) net exports are positive.
• D) an economy buys less from foreigners than it sells to them.

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Definitions:

Ethical Matters

Pertains to issues or situations that require individuals or organizations to choose actions that are morally right and just.

Correct Course

The action or path that is deemed most appropriate or ethical in a given situation.

Perfect Virtue

An ideal state of moral excellence and righteousness that an individual strives to achieve.

Virtuous Life

Living in a way that is morally excellent, adhering to ethical principles and displaying admirable character qualities.