Author Question: The term net exports refers to: a. the situation in which a country's exports exceed its imports. ... (Read 103 times)

melina_rosy · **on:** Jun 30, 2018

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.

Question 2

The degree of government involvement in the economy is greatest in
a. a command economy.
b. a mixed economy.
c. a market economy.
d. a traditional economy.

Amiracle · **Reply #1 on:** Jun 30, 2018

Answer to Question 1

e

Scenario 4-1
In a given year, country A exported 12 million worth of goods to country B and 6 million worth of goods to country C; country B exported 4 million worth of goods to country A and 7 million worth of goods to country C; and country C exported 5 million worth of goods to country A and 2 million worth of goods to country B.

Answer to Question 2

a