The Massive Deficit in the U

question 12

Multiple Choice

The massive deficit in the U.S. current account primarily reflects the

• A)excess of foreign investment in the U.S. over domestic private investment.
• B)excess of U.S. exports over U.S. imports.
• C)excess of U.S. imports over U.S. exports.
• D)transfers of money home by U.S. citizens working in other countries.

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Definitions:

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or end.

Recall

The cognitive process of retrieving information from memory without the presence of the original stimulus, often tested in memory and learning experiments.

First Items

The initial elements in a series or list, often given special attention due to their primacy position.

Anterograde Amnesia

An inability to form new memories.