The Diagrams Below Show the Import,export,and Net Export Functions for an Economy

question 7

Multiple Choice

The diagrams below show the import,export,and net export functions for an economy. FIGURE 22-1 Refer to Figure 22-1.The function for desired imports for this economy can be expressed as

• A)NX = 450 - Y.
• B)IM = 450 - 0.5(
• Y).
• C)NX = 0.5(
• Y).
• D)IM = 0.5(
• Y).
• E)IM = 0.2(

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Definitions:

Unfair Advantage

An unethical or unjust edge or benefit in a competitive situation that is often gained through exploitation of confidential information or other unethical practices.

Crafty

Exhibiting cleverness or ingenuity, especially in deceiving others.

Fairness

A principle concerning equitable and impartial treatment or behavior without favoritism or discrimination.

Honesty

The quality of being fair, truthful, and free from deceit in one's actions and communications.