The Trade Feedback Effect Includes Which of the Following Steps

question 117

Multiple Choice

The trade feedback effect includes which of the following steps?

• A) an increase in U.S. exports stimulates U.S. economic activity
• B) an increase in foreign imports stimulates U.S. exports
• C) an increase in U.S. economic activity stimulates U.S. imports
• D) all of the above

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Definitions:

Mary Whiton Calkins

An early American psychologist who became the first woman to serve as President of the American Psychological Association.

Innate Ability

Natural skills or talents that an individual is born with, not acquired or learned through experience.

Learned Skill

A capability acquired or developed through practice, training, or experience.

Nature

The inherent qualities or characteristics of an organism, or the physical world collectively, including plants, animals, the landscape, and other features and products of the earth.