Net exports include goods produced
A) domestically that are sold abroad, less goods that are produced abroad that are sold domestically.
B) domestically that are sold abroad, less goods produced domestically that are sold domestically.
C) domestically that are sold domestically, less goods produced domestically that are sold abroad.
D) abroad that are sold domestically, less goods that are produced domestically that are sold abroad.
A
You might also like to view...
If firms in a monopolistically competitive industry experience short-run losses
A) some firms would like to exit the industry but find they cannot. B) firms increase prices further, until they make at least a normal return. C) firms increase advertising spending to increase demand, until they make at least a normal return. D) some firms exit the industry, causing the demand curves for the remaining firms to shift to the right until they earn a normal profit.
In the short run both the monopolistically competitive firm and the perfectly competitive firm will charge a price equal to marginal cost
a. True b. False Indicate whether the statement is true or false