The Main Items on the

question 84

Multiple Choice

The main items on the

• A) current account are exports and imports.
• B) current account are exports and Canadian investments in R.O.W.
• C) current account are imports and R.O.W. investments in Canada.
• D) financial account are exports and Canadian investments in R.O.W
• E) financial account are imports and R.O.W. investments in Canada.

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Definitions:

Probability

A quantification of how probable an event is, with the scale going from 0 to 1.

Lottery

A lottery is a form of gambling which involves drawing lots for a prize, or the allocation of a resource or a chance event resulting in a significant gain to the holder.

Von Neumann-Morgenstern

A theory of expected utility that serves as a foundational framework in the field of game theory, describing strategies for rational decision-making under uncertainty.

Expected Utility

The sum of the utilities associated with all possible outcomes, weighted by the probability of each outcome occurring.