An Export Good Is a Good Produced

question 176

Multiple Choice

An export good is a good produced

• A) in the United States and sold to foreigners living in the United States.
• B) by foreigners in the United States and purchased by U.S. households.
• C) in another country and purchased by U.S. residents.
• D) in the United States and sold in other countries.
• E) in another country and purchased by foreigners not residing in the United States.

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Definitions:

Consumption

Consumption refers to the use of goods and services by households for personal satisfaction or living standards.

Credit Availability

Refers to the ease with which individuals or businesses can obtain loans or credit from financial institutions.

Durable Goods

are items with a long life expectancy, such as automobiles, furniture, and appliances, typically used over years rather than consumed quickly.

Disposable Income

The accessible funds for households intended for saving and spending, after subtracting taxes on income.