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In the following hypothesis, what is the independent variable and which is the dependent variable? Hypothesis: States with high crime rates also have high poverty rates.
Exports
Goods or services produced in one country and sold to buyers in another, contributing to a nation's gross domestic product.
Balance of Trade Deficit
Occurs when a country's imports exceed its exports during a given time period, indicating that it is spending more on foreign trade than it is earning.
Net Exports
The value of a country's total exports minus its total imports. It is a measure used to calculate a country's aggregate expenditures.
Comparative Advantage
The ability of an individual or economy to produce goods or services at a lower opportunity cost than competitors, leading to more efficient trade and production.
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