Economic Theory Shows That the Current Account Deficit Is Always

question 18

Multiple Choice

Economic theory shows that the current account deficit is always equal to the capital account surplus.This means that

• A)the federal budget must always be in balance.
• B)when a country exports more goods and services than it imports, it also imports assets equal to the difference.
• C)current account deficits should be avoided.
• D)trade deficits tend to be eliminated automatically.

Identify factors influencing attitudes, including the formation and change of attitudes.

Distinguish between various psychological theories related to conformity, compliance, and obedience.

Comprehend the relationship between frustration and prejudice.

Understand the constructs of attraction and factors influencing it, including the roles of physical attractiveness and similarity.

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Definitions:

Independent Samples

Two or more groups of data that are collected from separate, non-related populations or entities.

Dependent Samples

Pairs of samples where the members of one sample are related or matched to the members of the other sample, often used in before-and-after studies.

Dependent-Samples T Test

A method in statistics for comparing the average differences between two related or matched groups to determine if the differences are not due to random chance.

Regression

A statistical method used to determine the relationship and predict outcomes between dependent and independent variables.