The Term Net Exports Refers To

question 56

Multiple Choice

The term net exports refers to:

• A)the situation in which a country's exports exceed its imports.
• B)the situation in which a country's imports exceed its exports.
• C)the shortages that result when a country imposes a price ceiling.
• D)the shortages that result when a country imposes a price floor.
• E)the difference between the value of exports and the value of imports.

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Definitions:

Income Transfers

Financial transfers from individuals or groups to others without any exchange of goods or services, often part of social welfare programs.

National Income

The total amount of money earned within a country, including wages, profits, and taxes, minus subsidies.

Expansionary Fiscal Policy

Government policy that involves increasing spending, decreasing taxes, or both to stimulate economic growth.

Demand Stimulus

Economic policies or measures aimed at increasing consumer demand to drive economic growth.