A Current Account Deficit Exists When

question 322

Multiple Choice

A current account deficit exists when:

• A) the balance on the 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:

Geographic Area

A specific part of the Earth's surface defined by physical and geographical boundaries or coordinates.

Intermediate Courts of Appeal

Judicial bodies that exist between lower courts and the highest court in a jurisdiction, responsible for reviewing decisions and interpretations of law from trial courts.

Federal Circuit Courts of Appeal

The Federal Circuit Courts of Appeal are intermediate appellate courts in the United States responsible for reviewing decisions from federal district courts within their geographic circuit.

Limited Jurisdiction

A legal term referring to courts that are restricted in the types of legal matters they can decide, usually based on the subject matter, the amount in controversy, or the geographical area.