By definition, exports are

a. limits placed on the quantity of goods brought into a country.
b. goods in which a country has an absolute advantage.
c. people who work in foreign countries.
d. goods produced domestically and sold abroad.


d

Economics

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Which of the following statements is true?

A) Household production is counted in GDP as it amounts to real production. B) GDP growth distributes income equally to people in the economy. C) GDP accounting rules do not adjust for production that pollutes the economy. D) A decrease in the crime rate increases GDP as people will spend more on security.

Economics

Refer to the accompanying figure. Relative to point B, at point C this restaurant is:

A. making fewer pizzas and more salads. B. operating more efficiently. C. making more pizzas and more salads. D. making more pizzas and fewer salads.

Economics

Figure 10-5   In Figure 10-5, which graph best illustrates the situation of an economy with high unemployment that experiences an increase in investment spending?

A. (1) B. (2) C. (3) D. (4)

Economics

Refer to the information provided in Figure 12.2 below to answer the question(s) that follow.  Figure 12.2 Refer to Figure 12.2. The graph of this situation represents a partial equilibrium analysis because it

A. only shows two possible equilibrium points. B. considers only the personal computer industry. C. only shows a change in supply. D. shows changes to both price and quantity.

Economics