Which of the Following Statements Is Incorrect for an Open

question 123

Multiple Choice

Which of the following statements is incorrect for an open economy?

• A)A country can have a trade deficit,trade surplus,or balanced trade.
• B)A country that has a trade deficit has positive net capital outflow.
• C)Net exports must equal net capital outflow.
• D)National saving equals domestic investment plus net capital outflow.

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Definitions:

Intonation

The rise and fall of the voice in speaking, which can affect the meaning and emotional content of words.

Empathy

Understanding and acceptance of a person's feelings and the ability to sense the person's private world.

Diagnosis of Cancer

The process of determining the presence and type of cancer through tests and examinations.

Fear

An emotional response to a perceived threat, which can cause physiological and behavioral changes as a form of adaptation.