Net exports equal:
A. exports minus imports.
B. exports minus depreciation.
C. exports plus imports.
D. the value added of exports.
Answer: A
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Briefly describe how imports and taxes affect the size of the expenditure multiplier
What will be an ideal response?
When the price of a product decreases, the marginal revenue product curve in a perfectly competitive market
A) does not change. B) becomes flatter. C) shifts to the right. D) shifts to the left.
Inflation tends to redistribute real income from lenders to borrowers
a. True b. False Indicate whether the statement is true or false
Appreciation of the Canadian dollar will:
A. intensify an existing disequilibrium in Canada's balance of payments. B. make Canada's exports less expensive and its imports more expensive. C. make Canada's exports more expensive and its imports less expensive. D. make Canada's exports and imports both more expensive.