The Nomothetic Model of Explanation Is Probabilistic in Its Approach

question 13

True/False

The nomothetic model of explanation is probabilistic in its approach to causation.

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Definitions:

Balanced Trade

A situation in which the value of a country's exports equals the value of its imports over a certain period.

Net Exports

The value of a country's exports minus its imports; a positive number indicates a trade surplus, while a negative one indicates a trade deficit.

Trade Surplus

A situation in which a country's exports exceed its imports.

Exports

Goods or services sent from one country to another for sale or trade.