The difference between export spending on domestically produced goods and services by individuals in other countries and import spending on foreign produced goods and services by domestic residents is called:
A) net export expenditure.
B) personal consumption expenditure.
C) government expenditure.
D) investment expenditure.
A
Economics
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Which term refers to a legally established minimum price that firms may charge?
A) a price ceiling B) a subsidy C) a price floor D) a tariff
Economics
A price ceiling that is set above the equilibrium price:
A. will have no effect on the market. B. will lead to excess supply in the market. C. will lead to excess demand in the market. D. will lead to a black market.
Economics