Net exports are defined as:
A. GDP minus exports.
B. exports plus imports.
C. imports less exports.
D. exports less imports.
Answer: D
Economics
You might also like to view...
Suppose the price of leather used to produce shoes increases. The higher price of leather ________ the supply of shoes and the supply curve of shoes ________
A) increases; shifts rightward B) increases; shifts leftward C) decreases; shifts rightward D) decreases; shifts leftward E) does not change; does not shift
Economics
The benefit principle views _____
a. a tax as the price that is paid for a government-supplied activity b. all government activity as beneficial c. all taxes as being beneficial if they are spent in the public interest d. all Pareto-efficient moves as beneficial
Economics