Which of the Following Statements About the U

question 22

Multiple Choice

Which of the following statements about the U.S.balance of payments in 2008 is true?

• A)In the third quarter of 2008, the services account recorded a deficit of $25 million.
• B)In the third quarter of 2008, the current account showed a surplus of $174, 091 million.
• C)In the third quarter of 2008, the merchandise account in the U.S.balance of payments showed a surplus of $171, 157 million.
• D)In the third quarter of 2008, the merchandise account in the U.S.balance of payments showed a deficit of $171, 157 million.
• E)In the third quarter of 2008, the services account recorded a deficit of $38, 175 million.

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Definitions:

Initiative Versus Guilt

Erikson’s third psychosocial stage in which young children develop a sense of purposefulness, try new skills and activities, and take pride in their accomplishments, as well as feel guilt if they are unsuccessful.

Economic Labor

The work performed by individuals that contributes to the production of goods and services in an economy.

American

Relating to the United States of America or its people, culture, or nationality.

Sense Of Initiative

The ability to plan and execute tasks with purpose and confidence, often considered a key developmental stage in early childhood.