Net exports is a positive number when:
a. A nation's exports of goods and services are greater than its imports
b. A nation's imports of goods and services are greater than its exports
c. A nation's exports of goods and services fall
d. A nation's imports of goods and services rise
a. A nation's exports of goods and services are greater than its imports
You might also like to view...
The basic economic problem of scarcity
A) is a problem only in developing economies. B) does not apply to the wealthy in society. C) has always existed and will continue to exist. D) will eventually disappear as technology continues to advance.
Everything else held constant, an increase in planned investment expenditure ________ aggregate ________
A) increases; demand B) decreases; demand C) decreases; supply D) increases; supply
Refer to Scenario 10.3. The marginal cost of red herrings is given as: MC = 0.6Q. What is the profit-maximizing level of output?
A) 0 B) 25 C) 50 D) 60 E) 125
The emphasis on the greater incentives to produce, created by lower taxes, has come to be known as:
a. the trickle-down economics. b. the supply-side economics. c. the paradox of thrift. d. the permanent income hypothesis. e. monetarism.