If a Nation Is a Net Importer,it Means That the ________

question 30

Multiple Choice

If a nation is a net importer,it means that the ________.

• A) nation only imports goods and services and does not export any good
• B) nation only imports those goods in which it has an absolute disadvantage
• C) nation's imports are worth more than its exports over a given period of time
• D) nation prohibits the import of goods and services that can be produced domestically

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Definitions:

Government Failures

Occur when government intervention in the economy leads to inefficiencies, misallocation of resources, or negative outcomes contrary to the intended goals.

Market Failures

Situations where the allocation of goods and services by a free market is not efficient, often justifying government intervention.

Economic Activities

Actions that involve the production, distribution and consumption of goods and services at all levels within a society.

Legal Right

An entitlement or justified claim enforceable by law, providing individuals or groups with autonomy or protection in certain aspects of their lives.