A Government Has a Budget Deficit in an Open Economy

question 110

Multiple Choice

A government has a budget deficit in an open economy.This means that:

• A) the government is spending less than its tax revenue.
• B) exports minus imports are zero.
• C) exports minus imports are positive.
• D) the government is spending more than its tax revenue.

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Definitions:

Free Play

Unstructured, voluntary play that allows children to develop their imagination, creativity, and decision-making skills through spontaneous activities.

Higher Order Conditioning

A classical conditioning process where a conditioned stimulus is paired with a new neutral stimulus, creating a second (often weaker) conditioned stimulus.

Response Generalization

The process by which a conditioned response starts occurring in response to stimuli that are similar but not identical to the original conditioned stimulus.

Shaping

A method used in operant conditioning to gradually guide behavior towards a desired response through successive approximations.