The term net exports refers to: a. the situation in which a ...

[melina_rosy]

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]

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

[melina_rosy]

Excellent

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