balance of trade - 2025 ACF Regionals

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>

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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
Florida A	UCF B	10	10	0	20
Kenyon	Michigan State	0	10	0	10
Michigan A	Carnegie Mellon B	10	10	0	20
Duke	Wake Forest	0	10	0	10
Chicago B	Chicago D	10	10	0	20
Carleton	Winona State	10	10	0	20
Tufts A	Brandeis B	10	10	0	20
Brown A	Brandeis A	10	10	0	20
Notre Dame A	Georgetown B	0	10	0	10
Iowa	Northwestern B	0	10	0	10
UW B	Alberta	10	10	0	20
TAMU	Texas B	0	10	0	10
Georgia Tech C	Vanderbilt A	10	10	0	20
Bristol	Southampton A	0	10	0	10
Maryland A	George Washington B	0	10	0	10
Vassar A	Haverford A	10	10	0	20
Cornell C	ESF A	10	10	0	20
UCF C	Valencia A	0	0	0	0
Carnegie Mellon A	Case Western B	10	10	0	20
Case Western A	Michigan B	10	10	0	20
Michigan D	Michigan C	10	10	0	20
Ohio State A	Ohio State B	0	10	0	10
Wisconsin B	Iowa State	10	10	0	20
Minnesota B	Wisconsin A	0	0	0	0
BU	Dartmouth 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
Purdue	Northwestern A	10	10	0	20
Stanford B	Notre Dame C	10	10	0	20
Southampton B	Cambridge A	0	10	0	10
Cambridge C	Durham	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
Rutgers A	Cornell B	10	10	0	20
Columbia C	George Washington A	0	10	0	10
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
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 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
Texas A	ASU	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
RIT A	Binghamton A	10	10	0	20
RIT B	Cornell D	0	10	0	10