The term net exports refers to:
a. the situation in which a country's exports exceed its imports.
b. the situation in which a country's imports exceed its exports.
c. the shortages that result when a country imposes a price ceiling.
d. the shortages that result when a country imposes a price floor.
e. the difference between the value of exports and the value of imports.
e
Scenario 4-1
In a given year, country A exported $12 million worth of goods to country B and $6 million worth of goods to country C; country B exported $4 million worth of goods to country A and $7 million worth of goods to country C; and country C exported $5 million worth of goods to country A and $2 million worth of goods to country B.
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Indicate whether the statement is true or false
Measuring poverty using an absolute income scale like the poverty line can be misleading because
a. income measures do not include the value of in-kind transfers. b. money is valued less highly by the poor than by the rich. c. the poor are not likely to participate in the labor market. d. income measures are adjusted for the effects of labor-market discrimination.