If a Small Open Economy Is in Long-Run Equilibrium with No

question 106

Multiple Choice

If a small open economy is in long-run equilibrium with no foreign debt:

• A) its balance of trade is positive.
• B) its balance of trade is zero.
• C) its balance of trade is negative.
• D) not enough information is given to determine the sign of the trade balance.

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Definitions:

Cycle Of Violence

A pattern of behavior in abusive relationships characterized by a series of abusive incidents, each followed by reconciliation and calm before the violence repeats.

Intimate Partner Violence

Violence or abuse that occurs within a close relationship, often characterized by a pattern of power and control.

Contrite, Attentive

Exhibiting feelings of remorse or guilt for a wrongdoing while being carefully aware of the needs or concerns of others.

Gynecological Problems

Health issues related to the female reproductive system, including infections, pain, menstrual irregularities, and infertility.