If a Country Has $2

question 189

Multiple Choice

If a country has $2.4 billion of net exports and purchases $4.8 billion of goods and services from foreign countries,then it has

• A)$7.2 billion of exports and $4.8 billion of imports.
• B)$7.2 billion of imports and $4.8 billion of exports.
• C)$4.8 billion of exports and $2.4 billion of imports.
• D)$4.8 billion of imports and $2.4 billion of exports.

---

Definitions:

Production Techniques

The methods and processes used by firms to produce goods or deliver services, including all aspects from initial design to final output.

Economic Loss

A situation where revenues from business activities are less than the expenses and costs associated with sustaining the business.

Price of Labor

The wage rate or compensation that employers pay workers in exchange for their labor or services.

Dollar Votes

The concept that consumers show their preferences for products and services by how they spend their money.