Retrofits Are Being Discussed

question 2

Multiple Choice

Retrofits are being discussed.Technician A says the procedure involves replacing the refrigerant.Technician B says new service fittings must be installed.Who is correct?

• A) Technician A only
• B) Technician B only
• C) Both A and B
• D) Neither A nor B

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Definitions:

Open-Economy Macroeconomic Model

A framework for analyzing economies that engage in international trade, considering the impact of exchanges between domestic and foreign markets.

Trade Policies

Trade policies comprise laws and regulations governing international trade, including tariffs, trade agreements, and import/export controls, to protect domestic industries and manage economic relationships.

Trade Balance

The value of a nation’s exports minus the value of its imports; also called net exports.

Capital Flight

The large-scale exodus of financial assets and capital from a country due to economic instability or unfavorable policies, leading to a decrease in investment and economic growth.