Multiple Choice
Which of the following statements is true?
A) A current account deficit is indicative of an impending recession.
B) A current account surplus suggests that a country's exchange rate is above equilibrium.
C) International trade is desirable because of its potential to improve country's standard of living.
D) A current account deficit is likely to lead to rising unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
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