If U.S. Net Exports Are Negative

question 3

Multiple Choice

If U.S. net exports are negative,

• A)U.S. consumers are spending less on foreign goods than foreign consumers are spending on U.S. goods
• B)U.S. consumers are spending more on foreign goods than foreign consumers are spending on U.S. goods
• C)the government should promote imports to balance international trade
• D)U.S. consumers are spending more on foreign goods than they are spending on U.S. goods
• E)U.S. disposable income is low

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Definitions:

Empiricism

The belief that our physical senses are the primary source of knowledge.

Immanuel Kant

An 18th-century German philosopher known for his work in epistemology, ethics, and aesthetics, emphasizing duty and moral universality.

Self-Serving Bias

The common tendency to attribute one's successes to personal characteristics and failures to external factors.

Expert Testimony

A form of evidence provided by someone who is recognized as an expert in a particular field or area of knowledge.