When the Value of Exports Exceeds the Value of Imports

question 114

Multiple Choice

When the value of exports exceeds the value of imports then

• A) changes in productivity will occur.
• B) international trade is in balance.
• C) the country is running a trade deficit.
• D) the country is running a trade surplus.

Understand the cognitive-appraisal theory of emotion and its role in emotional responses.

Recognize the importance of specifying when, where, and how to carry out intended behaviors.

Acknowledge different strategies to increase feelings of self-efficacy.

Learn about various theories of emotion and their implications for understanding human behavior.

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Definitions:

Illegal Contract

An agreement that is void and unenforceable by law due to its nature of involving activities that are against the law.

Voidable

Describes a legal agreement that could be declared invalid by one of the parties due to certain deficiencies or circumstances.

Illegal

Actions or activities that are expressly prohibited by law and subject to penal consequences.

Court's Use

Refers to the application and implementation of law and legal procedures by a court.