Net exports are
a. total exports minus total imports
b. what foreigners earn in the United States minus what US citizens earn abroad
c. always positive because the United States has always had a positive trade balance.
d. total imports minus total exports
e. total exports minus depreciation
A
Economics
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In the game in Scenario 13.5,
A) there is one equilibrium: for both to expand West. B) there is one equilibrium: for both to expand South. C) there are two equilibria: either can expand in the West, and the other expands in the South. D) there is only a mixed strategies equilibrium. E) all four outcomes are equilibria.
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If money supply increases, P will rise as long as V and Q remain constant
a. True b. False Indicate whether the statement is true or false
Economics