Examlex

Solved

Match Each Description with the Item Below

question 41

Multiple Choice

Match each description with the item below.
-Calvin Coolidge


Definitions:

Net Exports

The value of a country's total exports minus the value of its total imports; it can be a positive number (trade surplus) or a negative number (trade deficit).

Wage Rates

The standardized amount of payment given to employees for their services, usually expressed per hour or per annum.

Labor Productivity

The quantity of goods and services that a worker produces in a given amount of time.

Dumping

The practice of exporting goods at a price lower than the home-market price, often with the intent of undermining competition in the importing country.

Related Questions