If a Nation's Balance on Current Account Is a Negative

question 52

Multiple Choice

If a nation's balance on current account is a negative $20 billion, while its balance on capital account is a positive $16.5 billion, we can conclude with certainty that this nation is experiencing:

• A)a merchandise trade deficit.
• B)a merchandise trade surplus.
• C)a reduction in its stock of foreign currency.
• D)a balance of payments surplus.

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Definitions:

Racial-Ethnic Minority

A group of people who have different racial or ethnic characteristics from the majority population in a society.

Underrepresented

Having fewer representatives in a particular group or activity than would be expected based on the general population.

Incumbents

Individuals currently holding a specified position or office, often in the context of political elections where they seek re-election against challengers.

Congressional Members

Individuals elected to represent their constituents in the legislative branch of the United States federal government, specifically in the Senate and House of Representatives.