Export Credit Insurance Provides Assurance to the Exporter or the Exporter's

question 11

True/False

Export credit insurance provides assurance to the exporter or the exporter's bank that, should the foreign customer default on payment, the insurance company will pay for a major portion of the loss.

---

Definitions:

Unconditioned Stimulus

In classical conditioning, a stimulus that naturally and automatically triggers an unconditioned response without prior conditioning.

American Behaviorism

A school of psychology that focuses on observable behaviors and disregards mental processes.

John B. Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the study of observable behavior.

Stimulus Generalization

The tendency for the conditioned response to be evoked by stimuli that are similar to the stimulus used during the original conditioning.