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Dean Jones Sees That Every Student in a Management Class

question 56

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Dean Jones sees that every student in a Management class received an "A." She assumes that the class must have been too easy because students don't work hard.This is an example of __________________.


Definitions:

Balanced Trade

A situation in which the value of a country's exports equals the value of its imports over a certain period.

Net Exports

The value of a country's exports minus its imports; a positive number indicates a trade surplus, while a negative one indicates a trade deficit.

Trade Surplus

A situation in which a country's exports exceed its imports.

Exports

Goods or services sent from one country to another for sale or trade.

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