An Economy in Which Output Exceeds Absorption

question 25

Multiple Choice

An economy in which output exceeds absorption

• A)will send goods abroad and have a current account surplus.
• B)is a net importer with a current account deficit.
• C)is a net borrower in the international market.
• D)will have a capital account deficit.

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Definitions:

Positive Correlation

A relationship between two variables where both either increase or decrease together, showing a direct association.

Alcohol Consumption

Alcohol consumption refers to the drinking of alcoholic beverages and can range from light use to heavy drinking or alcohol dependence.

Representative Sample

A subset of a population that accurately reflects the characteristics of the larger group from which it is drawn.

Volunteer Bias

A bias in research outcomes that occurs due to differences between those who choose to participate in studies and those who do not.