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Economics Mcqs
Q
The argument that U.S current account deficits cause net job losses for Americans ?
AA. Is true by definition in all possible circumstances
BB. Is supported by recent u.s history
CC. Focuses only on the overall economy and is thus always true
DD. Fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending
Correct Answer:
D. D. Fails to recognize that a current account deficit is matched by an equal inflow of foreign funds which finances employment increasing investment spending
