The Term _____ Refers to the Extent to Which Events

question 9

Multiple Choice

The term _____ refers to the extent to which events occur in close physical proximity to each other.

• A) temporal contiguity
• B) spatial contiguity
• C) temporal contingency
• D) spatial contingency

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Definitions:

Nominal Exchange Rate

The rate at which one country's currency can be exchanged for another country's currency without adjusting for inflation rates.

Real Exchange Rate

The rate at which goods and services of one country can be exchanged for those of another, adjusting for price level differences.

Trade Deficit

The economic condition that occurs when a country imports more goods and services than it exports.

Net Exports

The net amount obtained by subtracting a nation's total imports from its total exports.