The Trade Balance of the Country of Utopia Would Be

question 92

Multiple Choice

The trade balance of the country of Utopia would be in deficit only if:

• A)its import of services exceed its export of services.
• B)its merchandise exports exceed its merchandise imports.
• C)its merchandise imports exceed its merchandise exports.
• D)foreign investors invest in domestic assets.
• E)the citizens of Utopia purchase foreign securities to earn a high return and diversify their investment.

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Definitions:

Implicit Attitude

Unconscious beliefs or feelings toward an object, person, or subject that influence behavior and preferences.

Primitive Belief

Basic or early forms of belief that are often uncomplicated and rooted in superstition or the direct experiences of a society or individual.

Heuristic

A problem-solving strategy that uses a practical approach or shortcut that produces solutions that are not guaranteed to be optimal but are sufficient for immediate goals.

Balance Theory

A theory concerning the determinants of consistency in three-element cognitive systems.