An "Automatic" Adjustment Mechanism Would Require a Trade-Surplus Nation to Accept

question 54

True/False

An "automatic" adjustment mechanism would require a trade-surplus nation to accept price deflation and/or falling income as the cost of increasing imports.

---

Definitions:

Cognitive Styles

The preferred way an individual processes information, differing across people, such as visual versus verbal style, or analytical versus intuitive thinking.

Learning Styles

Theories suggesting that individuals vary in how they best acquire information, with preferences for visual, auditory, kinesthetic, or other types of learning modalities.

Strategic Intelligences

The capabilities to understand and address large-scale, complex problems and challenges, typically in the context of organizational and geopolitical strategies.

Highly Verbal

Describes individuals who possess a strong ability to use language effectively and expressively.