What Happens If the Trade Balance Is in Surplus by More

question 114

Multiple Choice

What happens if the trade balance is in surplus by more than a nation's service payments on its external debt?

• A) The nation's net external wealth declines.
• B) The nation's net external wealth increases.
• C) The nation's net external wealth is constant.
• D) The nation must run a trade deficit during the subsequent period.

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Definitions:

Fixed Ratio Schedules

Fixed ratio schedules in behavioral psychology are a type of reinforcement schedule where a response is reinforced only after a specified number of responses have occurred.

Continuous Reinforcement

Continuous reinforcement is a learning process in which a behavior is rewarded every time it is performed, facilitating rapid learning.

Luck

The force that seems to operate for good or ill in a person's life, as in shaping circumstances, events, or opportunities.

Fixed Ratio

A schedule of reinforcement where a response is reinforced only after a specified number of responses, leading to a high and steady response rate.