In an Economy Open to International Trade ________

question 82

Multiple Choice

In an economy open to international trade ________.

• A)saving equals investment in equilibrium
• B)saving is the difference between net exports and investment
• C)saving equals investment as long as the economy has no exports
• D)saving equals investment as long as NX=0
• E)none of the above

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Definitions:

Leadership Emergence

The process through which someone becomes recognized as a leader by others within a group or organization, often due to their actions, characteristics, or abilities.

Followership

The behaviors and actions of individuals who follow or support a leader, contributing to the achievement of the group’s objectives.

Conformist

An individual who follows the customs, rules, or styles of a group, opting to fit in rather than stand out.

Exemplary

Serving as a desirable model; representing the best of its kind.