In Your Own Words, Explain the Difference Between Objective Obligation

question 21

Essay

In your own words, explain the difference between objective obligation and subjective obligation. Give an example in which someone's objective obligation differs from his or her subjective obligation.

---

Definitions:

Net Capital Outflow

The difference between the domestic purchases of foreign assets and the foreign purchases of domestic assets.

Exchange Rate

The rate at which one currency can be exchanged for another.

Affordability

A measure of a person's ability to purchase goods or services, typically considering their income and the price of the goods or services.

Net Capital Outflow

The difference between a nation's total investments outside the country and foreign investments within the country over a certain period.