Budget Deficits & The Trade Balance Mcqs


Q.  The Phrase “twin deficits” refers to ?

a. A country’s trade deficit and its government budget deficit
b. The fact that if a country has a trade deficit, its trading partners must also have trade deficits
c. the equality of a country’s saving deficit and its investment deficit
d. a country’s trade deficit and its net capital outflow deficit


ANSWER: See Answer
 
No explanation is available for this question!
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