The net export function illustrates that: a. net exports are a ...

[charchew]

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.

[dlook33]

Answer to Question 1

c

Answer to Question 2

a