In a Large Open Economy ________

question 73

Multiple Choice

In a large open economy ________.

• A) direction of the shifts in saving and investment on the trade balance are the same as for a small open economy
• B) the direction of the shifts in saving and investment on net capital flows are the same as for a small open economy
• C) the direction of the effect on the domestic real interest rate and the actual levels of saving and investment are the same as in a closed economy
• D) all of the above
• E) none of the above

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Definitions:

Gardner's Theory

Howard Gardner's theory of multiple intelligences, which proposes that people possess various kinds of cognitive strengths, encompassing linguistic, logical-mathematical, spatial, musical, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic intelligences.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that individuals possess different kinds of intelligences, including linguistic, logical-mathematical, musical, spatial, bodily-kinesthetic, interpersonal, intrapersonal, and naturalistic.

Street Smarts

Practical intelligence and skills gained from personal experience outside of a formal educational environment, often in urban environments.

Robert Sternberg

A psychologist best known for his theory on love and intelligence, which includes the triarchic theory of intelligence.