A ________ is a formal organization of producers who agree on anticompetitive actions

The _____________ of an event happening is, the relative frequency with which it occurs.

Fill in the blank(s) with the appropriate word(s).

Suppose the current account of a country is initially in balance. A new transaction occurs so that the current account is now in surplus. Official reserve balance is maintained before and after the transaction occurs. From this, we know that

A) the balance of trade is now in surplus. B) the balance of goods and services is now in surplus. C) the financial account is now in deficit. D) the government must make official reserve transactions.