Net Exports

question 107

Multiple Choice

Net exports:

• A) will increase if exports of goods decline.
• B) will increase if imports of goods rise.
• C) in our GDP accounts permit estimation of foreign ownership of American businesses.
• D) include budgetary outlays of the federal government.
• E) is the net effect of the foreign trade sector on GDP.

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Definitions:

Secular Rulers

Leaders or monarchs who hold authority in the political realm without specific endorsement from religious institutions.

Anabaptists

Anabaptists are members of a Protestant movement in the 16th century that advocated for adult baptism, pacifism, and the separation of church and state.

Great Schism

Refers either to the split between the Western Roman Catholic Church and the Eastern Orthodox Church in 1054, or the division within the Catholic Church from 1378 to 1417 when rival claimants to the papacy existed in Rome and Avignon.

Simony

The act of buying or selling ecclesiastical privileges, such as positions in the church hierarchy or pardons.