Examlex
Education makes people more receptive to new ideas and methods, which leads to economic development.
Imports
Imports are goods or services brought into a country from abroad for sale.
Exports
Items or services created in one country and traded to customers in another country.
Net Exports
The value of a country's total exports minus the value of its total imports, representing the net trade balance.
GDP
Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country’s borders.
Q26: Which of the following is not a
Q32: The effect of an increase in consumer
Q36: Barter is<br>A)illegal in the United States<br>B)an efficient
Q60: A decrease in demand for a good
Q92: Gasoline taxes illustrate the benefits-received principle of
Q112: Household production is more likely to occur
Q168: If people specialize in producing those goods
Q180: Most economists assume that the goal of
Q194: If a certain type of clothing becomes
Q205: Exhibit 4-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6784/.jpg" alt="Exhibit 4-3