When Nations Continue to Run Large and Ever-Growing Trade Deficits

question 87

True/False

When nations continue to run large and ever-growing trade deficits over extended periods of time,creditor nations will eventually stop taking IOUs and trade will cease.

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Definitions:

Delay

A period of time before an event or action takes place.

Aversive Event

An unpleasant or harmful event or stimulus that an organism seeks to avoid or escape.

Avoidance Response

A behavior aimed at preventing an unpleasant or harmful event before it occurs.

Imitate

To copy or mimic the actions, appearance, or speech of another person or thing, often to learn or practice a specific behavior or skill.