The US Is Able to Maintain a Large Trade Deficit Because

question 58

Multiple Choice

The U.S. is able to maintain a large trade deficit because:

• A) when the business cycle is in a boom, it will be a trade surplus.
• B) it is balanced by a large capital surplus.
• C) it is balanced by a large capital deficit.
• D) None of these statements is true.

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Definitions:

Activity-based Performance Measures

Metrics that evaluate the efficiency and effectiveness of specific actions or processes within an organization.

Feedback

Feedback is information provided about the result of an action or process, which can be used for further improvement and adjustment.

Quality Costs

Expenses incurred to prevent, detect, and correct defects in products or services, including costs of warranty and rework.

Appraisal Cost

Expenses associated with the evaluation and inspection of products to ensure quality standards.