What is the difference between imports and exports?
What will be an ideal response?
Imports are goods and services bought domestically but produced in other countries.
Exports are goods and services produced domestically but sold in other countries.
Economics
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When insurance companies offer fair insurance,
A) risk-averse agents always purchase it. B) risk-neutral agents never purchase it. C) risk-loving agents always purchase it. D) nobody would purchase fair insurance.
Economics
The branch of economics that applies the principles and methodology of economics to the operation of the political process is known as
a. private choice analysis. b. public choice analysis. c. government operations analysis. d. policy preference analysis.
Economics