If We Import More Than We Export from the Rest

question 124

Multiple Choice

If we import more than we export from the rest of the world we

• A)are a net borrower of funds from the rest of the world.
• B)are a net lender of funds to the rest of the world.
• C)are running a trade surplus.
• D)are helping to finance investment in the rest of the world.
• E)have a surplus of funds at the world equilibrium interest rate.

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Definitions:

Shut-Off Valve

A type of valve designed to cut off the flow of liquids or gases within a pipeline system.

Household Damage

Damage or harm caused to the structure, contents, or occupants of a house due to various factors such as accidents, natural disasters, or wear and tear.

Water Supply

The system or process involved in providing water to meet agricultural, residential, industrial, and all other needs of a population.

States of Nature

The different outcomes or future conditions that might occur in a decision-making scenario, over which the decision maker has no control.