In a Simple Macro Model,the Net Export (NX)function Indicates a ________

question 58

Multiple Choice

In a simple macro model,the net export (NX) function indicates a ________ relationship between net exports and ________.

• A)positive; exports
• B)positive; domestic national income
• C)negative; imports
• D)negative; domestic national income
• E)negative; foreign national income

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Definitions:

Manifests Assent

The demonstration of agreement to the terms of a contract, often through an overt action or explicit consent.

Legal Relations

The relationships between individuals or organizations that are defined and regulated by law, including rights, duties, and liabilities.

Agency Law

Legal principles and rules governing the relationship where one party, the agent, is authorized to act on behalf of another, the principal, in dealings with third parties.

Business Activity

Any action undertaken by individuals or companies involving the production, distribution, or sale of goods and services.