The Three Major Accounts of the ________ Are the Current

question 22

Multiple Choice

The three major accounts of the ________ are the current account,the capital account and the official settlements account.

• A) balance of payments
• B) balance of trade
• C) trade surplus
• D) trade deficit

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Definitions:

Peripheral Route

A concept in persuasion that refers to the influence of cues that are not directly related to the message content, such as the attractiveness or credibility of the source.

Central Route

A pathway of persuasion that involves thoughtful consideration of the arguments presented, leading to lasting attitude change.

Cognitive Dissonance

A psychological phenomenon involving conflicting attitudes, beliefs, or behaviors that cause mental discomfort leading to an alteration in one of the attitudes, beliefs, or behaviors to reduce the discomfort.

Self-Perception Theory

A theory suggesting that individuals develop their attitudes and feelings by observing their own behavior and concluding what attitudes must have caused them.