Net Exports Must Equal Zero for Any Economy

question 28

Multiple Choice

Net exports must equal zero for any economy

• A)that is closed.
• B)for which Y = C + I + G.
• C)for which S = Y - C - G.
• D)All of the above are correct.

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Definitions:

Luck

The experience of notably positive, negative, or improbable events influenced by chance.

Generalization

The process by which an organism responds in the same way to different but similar stimuli.

Extinction

In psychology, the gradual diminishing of a conditioned response when the reinforcement is no longer presented; in biology, the permanent loss of species from the earth.

Token Economy

A behavioral modification system that utilizes tokens as symbolic reinforcements for desirable behaviors, which can later be exchanged for specific rewards.