Rafael Is a Perfectionist Who Goes to Extremes to Prove

question 43

Multiple Choice

Rafael is a perfectionist who goes to extremes to prove that he needs no one's help in any way.His quest for total self-sufficiency has resulted in social isolation.According to Horney,what is his primary mode of relating to others?

• A) Moving away
• B) Moving against
• C) Moving toward
• D) Moving opposite

Explain the concept of value added by a firm and its significance in GDP calculation.

Differentiate between injections and leakages in the circular flow model and their impacts on GDP.

Interpret the effects of external trade activities and government transactions on GDP.

Analyze the relationship between GDP measurement and social welfare indicators.

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Definitions:

Nonrecourse Basis

A financing arrangement where the lender can only seize the collateral securing a loan and cannot seek further compensation from the borrower, even if the collateral does not cover the full value of the defaulted amount.

Sale and Leaseback

Sale and leaseback is a financial transaction where one sells an asset and leases it back for the long-term; thereby, one continues to use the asset without owning it.

Financial Lease

A type of lease in which the lessee has use of an asset through most of its useful life and the lease payments cover the original cost of the asset plus interest, resembling a loan purchase.

Lessor

The party in a lease agreement who owns the leased asset and grants the lease to the lessee in exchange for periodic payments.