An Example of a Deficit Item on the U

question 26

Multiple Choice

An example of a deficit item on the U.S. balance of payments is

• A) the sale of a carburetor made in Michigan to a Honda plant in Ohio.
• B) a deposit in a bank in New York by a British firm.
• C) a U.S. resident flies from New York to Rome on British Airways.
• D) the payment of a dividend from a Canadian firm to an American living in Maine.

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Definitions:

Narcissism

A personality trait characterized by inflated self-view and excessive need for admiration, often coupled with a lack of empathy for others.

Introversion

A personality trait characterized by a focus on internal feelings rather than external sources of stimulation, often preferring solitude or quiet environments.

Collectivism

Collectivism refers to a cultural or societal framework that emphasizes the needs, goals, and interests of the group over those of the individual.

Individualism

Individualism is a social and political philosophy that emphasizes the moral worth of the individual and the importance of self-reliance and personal independence.