Category: Economics

Question 96 (1.5 points)Which of the following items would generally NOT be considered personally identifiable information (PII)?
◻ Trade secret
Driver’s license number
Social Security number
Name

Supporters of globalization argue that increased globalization will lead to:
increased living standards.
drevased budget deficits.
decreased trade deficits.
currency appreciation.
monetary stability:

If the small open economy’s domestic government reducesgovernment spending without changing taxes, what happens to that country’s trade balance? Explain and illustrate with the appropriate graph
Answer: Reducing government spending (with taxes unchanged) raises public saving, so national saving (S) increases. In a small open economy the domestic real interest rate equals the world interest rate r*, which is taken as given, so investment (I) does not change. The increase in national saving therefore raises S − I at r*, which equals net exports (NX). In other words, the trade balance improves: the trade deficit shrinks or the trade surplus rises by the amount of the increase in national saving.
Loanable funds market in a small open economy. At the fixed world interest rate r*, the decrease in government spending shifts national saving from S to S’, raising S − I at r* and thus increasing net exports (improving the trade balance).

What type of error is most applicable in this example?
A bicyclist was busy texting, knew they should have turned right, but made an incorrect left.
Violation
Mistake
Fallacy
Slip
Latent
Adverse Event

Question 5The nurse is instructing a client who was recently diagnosed with Raynaud’s disease. Which of the following statements by the client indicates a correct understanding of the teaching?

Texting with friends on cell phones, and socializing via Snapchat are examples of activities within which of the following contexts?
Virfual Context
Temporal Context
Personal Context
Cutural Consext