Which One of the Following Is Not a Major Factor

question 206

Multiple Choice

Which one of the following is not a major factor that contributed to large trade deficits in the United States in the period 2002-2007?

• A)a declining saving rate coupled with a rising investment rate in the U.S.
• B)a U.S. economy growing faster than its trading partners
• C)large trade deficits with OPEC economies
• D)flexible exchange rate between the U.S. dollar and the Chinese yuan

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Definitions:

Posterior Probabilities

Calculated probabilities updated to reflect new, relevant information, usually in the context of Bayesian inference.

Prior Probabilities

Prior probabilities are the probabilities of events before any new evidence is considered, often serving as the initial belief in Bayesian statistics.

Conditional Probabilities

The probability of an event occurring given that another event has already occurred, reflecting the dependence between events.

Joint Probabilities

The probability that multiple events will occur simultaneously.