Goods and services that the United States buys from other nations are called

A) exports.
B) imports.
C) bartered goods.
D) exchanges.
E) world goods.

B

Economics

You might also like to view...

There is a government budget surplus if

A) G > T. B) G > TR. C) T - TR > G. D) TR < T.

Economics

The fact that output gaps will not last indefinitely, but will be closed by rising or falling inflation is the economy's:

A. income-expenditure multiplier. B. self-correcting property. C. short-run equilibrium property. D. long-run equilibrium property.

Economics