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
| 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 |