The main reason our current account deficit is so large is that
A. we are running huge merchandise trade deficits.
B. we are running huge federal budget deficits.
C. we are allowing too much foreign investment in the United States.
D. we are investing too much abroad.
A. we are running huge merchandise trade deficits.
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The performance of index funds
a. usually falls short of the performance of actively-managed funds. b. provides evidence in support of the notion that stock prices do not depend upon supply and demand. c. provides evidence in support of the efficient markets hypothesis. d. provides evidence in support of the notion that stock-market participants are irrational.
Most of the dollars that foreigners have obtained because of our huge current account deficit
A. circulates in foreign countries. B. are used as reserves. C. are invested in the United States. D. are used to pay off old debts to the United States.