If the National Incomes of Our Trading Partners Increase, Then

question 158

Multiple Choice

If the national incomes of our trading partners increase, then our

• A) aggregate demand decreases because C decreases.
• B) aggregate demand increases because C increases.
• C) aggregate demand decreases because net exports decrease.
• D) aggregate demand increases because net exports increase.

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Definitions:

Pareto Principle

Also known as the 80/20 rule, it suggests that 80% of effects come from 20% of causes, applicable across various fields.

Equity Theory

A psychological theory which proposes that employees are motivated when they perceive their treatment in the workplace as fair, especially in how rewards are distributed.

Fairplay Rule

An ethical guideline ensuring fairness and honesty in transactions and interactions, often in sports or business.

Core Principles

Core principles are fundamental beliefs or values that guide the behavior and practices of an individual or organization.