If the Budget Deficit Increases,then

question 94

Multiple Choice

If the budget deficit increases,then

• A)U.S.residents will want to purchase more foreign assets and foreign residents will want to purchase more U.S.assets
• B)U.S.residents will want to purchase more foreign assets and foreign residents will want to purchase fewer U.S.assets
• C)U.S.residents will want to purchase fewer foreign assets and foreign residents will want to purchase more U.S.assets
• D)U.S.residents will want to purchase fewer foreign assets and foreign residents will want to purchase fewer U.S.assets

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Definitions:

Diversity-of-Citizenship

A basis for federal court jurisdiction when the parties involved in a lawsuit are citizens of different states or a foreign country and the amount in dispute exceeds a specified threshold.

$75,000

A monetary amount, which could be specified in legal or financial contexts, such as a threshold for federal court jurisdiction in diversity cases in the United States.

Subject-Matter Jurisdiction

The jurisdiction of a tribunal to consider legal disputes within a certain category or connected to a particular topic.

In Personam Jurisdiction

A court's power to bring a person into its adjudicative process; jurisdiction over a person's rights, rather than over property.