The Trade Balance of the Country of Utopia Would Be

question 92

Multiple Choice

The trade balance of the country of Utopia would be in deficit only if:

• A)its import of services exceed its export of services.
• B)its merchandise exports exceed its merchandise imports.
• C)its merchandise imports exceed its merchandise exports.
• D)foreign investors invest in domestic assets.
• E)the citizens of Utopia purchase foreign securities to earn a high return and diversify their investment.

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Definitions:

Confederate

An individual who is part of an experiment but pretends to be a participant while working for the researcher, often used to manipulate social interactions.

Social Desirability Bias

The tendency of respondents to answer questions in a manner that will be viewed favorably by others, potentially leading to inaccuracies in surveys or experiments.

Honesty Measure

A tool or method used to assess the degree of truthfulness and integrity in an individual's responses or actions.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.