Question
This quantity is predicted to improve after currency depreciation in the Marshall–Lerner condition. For 10 points each:
[10m] Name this quantity often abbreviated as “X minus M.” This quantity is added to consumption, investment, and government spending to calculate a country’s GDP.
ANSWER: balance of trade [or trade balance; or net trade or net exports or nx; accept exports minus imports; prompt on trade; reject “exports” or “imports”]
[10e] This nationalist economic policy, which was prevalent in 17th-century Europe, tries to maximize exports while minimizing imports.
ANSWER: mercantilism [or mercantilist policy]
[10h] This curve represents how the balance of trade changes over time following a currency devaluation, making its imports more expensive.
ANSWER: J curve
<Claremont, Social Science>
Summary
| Florida | 2025-02-01 | Y | 3 | 13.33 | 67% | 67% | 0% |
| Great Lakes | 2025-02-01 | Y | 6 | 16.67 | 100% | 67% | 0% |
| Lower Mid-Atlantic | 2025-02-01 | Y | 6 | 15.00 | 100% | 50% | 0% |
| Midwest | 2025-02-01 | Y | 6 | 15.00 | 100% | 50% | 0% |
| North | 2025-02-01 | Y | 3 | 13.33 | 67% | 67% | 0% |
| Northeast | 2025-02-01 | Y | 5 | 18.00 | 100% | 80% | 0% |
| Overflow | 2025-02-01 | Y | 5 | 16.00 | 100% | 60% | 0% |
| Pacific Northwest | 2025-02-01 | Y | 1 | 20.00 | 100% | 100% | 0% |
| South Central | 2025-02-01 | Y | 2 | 10.00 | 100% | 0% | 0% |
| Southeast | 2025-02-01 | Y | 4 | 12.50 | 100% | 25% | 0% |
| UK | 2025-02-01 | Y | 10 | 13.00 | 90% | 30% | 10% |
| Upper Mid-Atlantic | 2025-02-01 | Y | 8 | 18.75 | 100% | 75% | 13% |
| Upstate NY | 2025-02-01 | Y | 3 | 16.67 | 100% | 67% | 0% |
Data
| Florida B | Florida State A | 10 | 10 | 0 | 20 |
| UCF C | Valencia A | 0 | 0 | 0 | 0 |
| Michigan D | Michigan C | 10 | 10 | 0 | 20 |
| Ohio State A | Ohio State B | 0 | 10 | 0 | 10 |
| Duke | Wake Forest | 0 | 10 | 0 | 10 |
| Liberty A | Liberty C | 10 | 10 | 0 | 20 |
| Virginia Tech A | Liberty B | 0 | 10 | 0 | 10 |
| UNC C | South Carolina | 10 | 10 | 0 | 20 |
| UNC B | UNC D | 0 | 10 | 0 | 10 |
| William & Mary | Virginia A | 10 | 10 | 0 | 20 |
| Chicago B | Chicago D | 10 | 10 | 0 | 20 |
| Chicago A | Chicago C | 10 | 10 | 0 | 20 |
| Missoui S&T | Illinois B | 0 | 10 | 0 | 10 |
| Indiana A | Illinois C | 10 | 10 | 0 | 20 |
| Missouri | Illinois A | 0 | 10 | 0 | 10 |
| WashU A | WashU B | 0 | 10 | 0 | 10 |
| Carnegie Mellon A | Case Western B | 10 | 10 | 0 | 20 |
| Case Western A | Michigan B | 10 | 10 | 0 | 20 |
| Kenyon | Michigan State | 0 | 10 | 0 | 10 |
| Michigan A | Carnegie Mellon B | 10 | 10 | 0 | 20 |
| Wisconsin B | Iowa State | 10 | 10 | 0 | 20 |
| Minnesota B | Wisconsin A | 0 | 0 | 0 | 0 |
| Carleton | Winona State | 10 | 10 | 0 | 20 |
| BU | Dartmouth A | 10 | 10 | 0 | 20 |
| Tufts A | Brandeis B | 10 | 10 | 0 | 20 |
| Brown A | Brandeis A | 10 | 10 | 0 | 20 |
| Harvard A | MIT A | 10 | 10 | 0 | 20 |
| UMass Boston | Harvard B | 0 | 10 | 0 | 10 |
| Georgetown A | Notre Dame B | 10 | 10 | 0 | 20 |
| Notre Dame A | Georgetown B | 0 | 10 | 0 | 10 |
| Iowa | Northwestern B | 0 | 10 | 0 | 10 |
| Purdue | Northwestern A | 10 | 10 | 0 | 20 |
| Stanford B | Notre Dame C | 10 | 10 | 0 | 20 |
| UW B | Alberta | 10 | 10 | 0 | 20 |
| Texas A | ASU | 0 | 10 | 0 | 10 |
| TAMU | Texas B | 0 | 10 | 0 | 10 |
| Alabama A | Georgia Tech A | 0 | 10 | 0 | 10 |
| Georgia Tech D | Louisville A | 0 | 10 | 0 | 10 |
| Georgia Tech B | Tennessee A | 0 | 10 | 0 | 10 |
| Georgia Tech C | Vanderbilt A | 10 | 10 | 0 | 20 |
| Bristol | Southampton A | 0 | 10 | 0 | 10 |
| Southampton B | Cambridge A | 0 | 10 | 0 | 10 |
| Cambridge C | Durham | 0 | 10 | 0 | 10 |
| Rutgers A | Cornell B | 10 | 10 | 0 | 20 |
| Columbia C | George Washington A | 0 | 10 | 0 | 10 |
| Maryland A | George Washington B | 0 | 10 | 0 | 10 |
| Vassar A | Haverford A | 10 | 10 | 0 | 20 |
| Penn B | Haverford B | 10 | 10 | 0 | 20 |
| Columbia B | John Jay College | 10 | 10 | 0 | 20 |
| NYU A | Penn A | 10 | 10 | 10 | 30 |
| Johns Hopkins A | Yale A | 10 | 10 | 0 | 20 |
| Cornell C | ESF A | 10 | 10 | 0 | 20 |
| RIT A | Binghamton A | 10 | 10 | 0 | 20 |
| RIT B | Cornell D | 0 | 10 | 0 | 10 |
| Cambridge B | Imperial B | 10 | 10 | 10 | 30 |
| LSE | Warwick B | 10 | 10 | 0 | 20 |
| Manchester | Oxford B | 0 | 0 | 0 | 0 |
| NYU C | Cambridge E | 10 | 10 | 0 | 20 |
| Sheffield | Oxford A | 0 | 10 | 0 | 10 |
| Cambridge D | Oxford C | 0 | 10 | 0 | 10 |
| Imperial A | Warwick A | 0 | 10 | 0 | 10 |
| Florida A | UCF B | 10 | 10 | 0 | 20 |