The Diagrams Below Show the Import,export,and Net Export Functions for an Economy

question 78

Multiple Choice

The diagrams below show the import,export,and net export functions for an economy. FIGURE 22-1
-Refer to Figure 22-1.The net export function for this economy can be expressed as

• A)NX = 2250 - 450(
• Y).
• B)NX = 450 - 0.2(
• Y).
• C)NX = 2250 - 450.
• D)NX = 0.2Y.
• E)NX = 2250 - .2(I

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Definitions:

Kahneman and Tversky

Psychologists known for their work on the psychology of judgment and decision-making, as well as behavioral economics.

Image Theory

A theory in decision-making research which suggests individuals make decisions based on their internal values (principles), plans (projects), and beliefs about potential outcomes (prospects).

Frontal Lobe

The front part of the brain associated with decision making, problem solving, control of purposeful behaviors, consciousness, and emotions.

Phineas Gage

A historically significant case in neuropsychology where an individual survived a traumatic brain injury, providing early evidence of the role of the frontal lobes in personality and behavior.