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Economics Mcqs

The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

The record of a country’s transactions in goods, services and assets with the rest of the world is its ?

A. balance of trade
B. capital account
C. current account
D. balance of payments

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Economics Mcqs, The Balance of Payments

The argument that U.S current account deficits cause net job losses for Americans ?

The argument that U.S current account deficits cause net job losses for Americans ?

A. is true by definition in all possible circumstances
B. is supported by recent U.S history
C. focuses only on the overall economy and is thus always true
D. fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending

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Economics Mcqs, The Balance of Payments