The term net exports refers to:
a. the situation in which a country's exports exceed its imports.
b. the situation in which a country's imports exceed its exports.
c. the shortages that result when a country imposes a price ceiling.
d. the shortages that result when a country imposes a price floor.
e. the difference between the value of exports and the value of imports.
e
You might also like to view...
Most economic graphs have two lines perpendicular to each other. Where these lines meet is called the
A) origin. B) y-axis. C) x-axis. D) variable. E) point of beginning.
Classifying a good as rival means
A) that when one person consumes a unit of the good no one else can consume it. B) anyone who does not pay for the good cannot consume it. C) that the good is produced in a competitive market. D) that there is a shortage of the good.
In the early 1980s, rising interest rates caused a tremendous __________ in the value of savings-and-loan __________
A) inflow; liabilities B) inflow; assets C) outflow; liabilities D) outflow; assets
In what year did sales of gold for investment exceed that for jewelry for the first time?
A) 1933 B) 1971 C) 2001 D) 2009