Net exports is negative if
A) the value of exports exceeds the value of imports.
B) the value of imports exceeds the value of exports.
C) the tariff payments are included in the value of imported and exported items.
D) too much production occurs in the exporting country during the year.
B
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In the ___________ model of decision making, each decision builds on the previous one, forming a sequence of decisions, such as the steps involved in preparing a meal
a. Central-satellite b. Foa & Foa c. Elbing d. Chain
The time-inconsistency problem is likely to arise in Cadmia if _____
a. attempts are made to coordinate monetary policy with fiscal policy b. there is a lag between the announcement of a monetary policy and its implementation c. policy makers initially aim to keep the price level stable but do not follow through as promised d. policy makers do not allow enough time for a new policy to take effect e. there is a deep conflict among monetary policy makers