A USPurchase of Oil from Overseas Paid for with Foreign Currency

question 17

Multiple Choice

A U.S.purchase of oil from overseas paid for with foreign currency it already owned

• A)increases U.S.net exports,and increases U.S.net capital outflow.
• B)increases U.S.net exports,and decreases U.S.net capital outflow.
• C)decreases U.S.net exports,and increases U.S.net capital outflow.
• D)decreases U.S.net exports,and decreases U.S.net capital outflow.

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Definitions:

Transductive Reasoning

A type of reasoning typical in early childhood that involves making connections between individual instances without using abstract logic.

Egocentrism

The inability to distinguish between one's own perspective and someone else's perspective.

Artificialism

In the context of developmental psychology, it is the belief common in children that the environment and its features are created by human beings.

Symbolic

Pertains to the use of symbols, signs, or objects to represent ideas or concepts, a fundamental aspect of human communication and thought.