In a Small, Open Economy, If Net Exports Are Negative

question 7

Multiple Choice

In a small, open economy, if net exports are negative, then:

• A)domestic spending is greater than output.
• B)saving is greater than investment.
• C)net capital outflows are negative.
• D)imports are less than exports.

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Definitions:

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A Jamaican writer and poet who was a seminal figure in the Harlem Renaissance, a significant literary movement in the 1920s among African Americans.

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The practice of visiting poorer urban areas for the purpose of entertainment or voyeurism by those from higher socioeconomic classes.

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Venues dedicated to the performance and enjoyment of jazz music, often featuring live bands and a vibrant atmosphere.

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A white supremacist group originating in the southern United States post-Civil War, known for promoting racism, anti-Semitism, and violence against minority groups.