Asked by
Jason Stryjski
on Nov 26, 2024Verified
In recent years, the United States has had large
A) current account surpluses.
B) capital and financial account deficits.
C) balance of trade deficits.
D) balance of payments surpluses.
Balance Of Trade Deficits
Occurs when a country's imports exceed its exports over a certain period, leading to a net outflow of domestic currency to foreign markets.
Current Account Surpluses
Happens when the overall exports, encompassing goods, services, and transfers, of a country surpass its total imports.
Capital And Financial Account Deficits
A situation where a country's capital outflows exceed its capital inflows, resulting in a net outflow of domestic currency to foreign markets.
- Scrutinize the effects of having either a trade surplus or deficit on the economic landscape of a country.
Verified Answer
MU
Learning Objectives
- Scrutinize the effects of having either a trade surplus or deficit on the economic landscape of a country.