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Questions and Answers
What is the primary purpose of using multiple choice questions in assessments?
What is the primary purpose of using multiple choice questions in assessments?
- To promote opinion-based evaluations
- To evoke emotional responses from students
- To encourage collaborative learning
- To test recall and understanding of content (correct)
Which of the following is a key characteristic of effective distractors in multiple choice questions?
Which of the following is a key characteristic of effective distractors in multiple choice questions?
- They need to be closely related to personal experiences
- They should be evidently wrong
- They must be relevant and plausible (correct)
- They should always be the same length as the correct answer
What should be avoided when constructing question stems?
What should be avoided when constructing question stems?
- Including relevant material
- Making the question challenging
- Using negatively stated questions (correct)
- Focusing on clear phrasing
Which of the following options best describes how to format multiple choice questions?
Which of the following options best describes how to format multiple choice questions?
What aspect is most crucial when determining the correctness of an answer in multiple choice questions?
What aspect is most crucial when determining the correctness of an answer in multiple choice questions?
What is the most significant consideration when ensuring clarity in a multiple choice question stem?
What is the most significant consideration when ensuring clarity in a multiple choice question stem?
Which characteristic is essential for the options provided in a multiple choice question?
Which characteristic is essential for the options provided in a multiple choice question?
What is a common misconception when constructing distractors in multiple choice questions?
What is a common misconception when constructing distractors in multiple choice questions?
Which of the following should be avoided when constructing response options?
Which of the following should be avoided when constructing response options?
What is a critical step in ensuring the validity of a correct answer in multiple choice questions?
What is a critical step in ensuring the validity of a correct answer in multiple choice questions?
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Study Notes
International Flow of Funds
- International business is facilitated by markets that allow for the flow of funds between countries.
- The balance of payments is a summary of transactions between domestic and foreign residents for a specific country over a specified period.
- Components include the current account and the capital account.
- The current account summarizes the flow of funds between a country and all other countries due to purchases of goods or services, or the provision of income on financial assets.
- The capital account summarizes the flow of funds from the sale of assets between one country and all other countries.
- Payments for merchandise and services include exports and imports of tangible products (like computers and clothing) and service exports and imports (tourism and other services).
- Factor income payments include interest and dividends received by investors on foreign investments in financial assets (securities).
- Transfer payments include aid, grants, and gifts between countries.
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