Table 23-2 the Table Below Contains Data for Country a for the for the Year

question 354

Multiple Choice

Table 23-2
The table below contains data for country A for the year 2010.
-Refer to Table 23-2. What were country A's net exports in 2010?

• A)-$32
• B)$32
• C)$88
• D)$120

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Definitions:

Profit Maximizing

The process by which a company determines the price and output level that generates the maximum profit.

Marginal Cost

The supplementary expense incurred from manufacturing one more unit of a good or service.

Price

The amount of money expected, required, or given in payment for something.

Price Rigidity

Characteristic of oligopolistic markets by which firms are reluctant to change prices even if costs or demands change.