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When Imports Are Greater Than Exports, There Will Be a Net

question 73

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When imports are greater than exports, there will be a net capital outflow.


Definitions:

Obedience

The act of following orders or directions from someone in authority, or the law, without question.

Scientist

A professional who conducts scientific research to advance knowledge in an area of interest, often using the scientific method to test hypotheses and develop new understandings.

Entrapment

A psychological state or situation where an individual feels compelled to continue a course of action due to prior investment, despite the current costs outweighing the benefits.

Gradual Process

A slow and step-by-step progression or development of something over time.

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