The net export function illustrates that:
a. net exports are a positive function of domestic income.
b. net exports are independent of domestic income.
c. net exports are a negative function of domestic income.
d. exports are a negative function of foreign income.
e. exports are independent of foreign income.
Question 2
An economy's resources:
a. include land, labor, capital, and entrepreneurial skills.
b. are unlimited in a country like the United States.
c. are always efficiently utilized in wealthy nations.
d. consist of land, labor and capital, but not entrepreneurial skills.
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