Net exports is a negative number whenever
A. a nation's exports of goods and services exceed its imports.
B. a nation's imports of goods and services exceed its exports.
C. the nation's gross investment is on the decline.
D. the nation's gross savings rate is on the decline.
B. a nation's imports of goods and services exceed its exports.
You might also like to view...
Refer to the above figure. If the union wants to maximize the total income of its members who work, it will set wages at
A) W1. B) W2. C) W3. D) W4.
The short-run supply curve is _______________ and the long-run supply curve is _______________ in a perfectly competitive market in which all firms have identical cost structures.
A. upward sloping; upward sloping B. upward sloping; perfectly elastic C. perfectly elastic; upward sloping D. downward sloping; upward sloping
The World View article titled "Russia's Sable Monopoly Persists" provides evidence that Russia experienced
A. Barriers to entry. B. Price discrimination. C. Economies of scale. D. Negative economic profit.
An exhaustible resource with a very large known reserve will most likely exhibit
A) a highly variable price in the near future. B) a decreasing price in the near future. C) an increasing price in the near future. D) a constant price in the near future.