Suppose Exports Are Less Than Imports

question 12

Multiple Choice

Suppose exports are less than imports.Given this information,we know with certainty that

• A)a trade deficit exists.
• B)GNP > GDP.
• C)GNP < GDP.
• D)the change in business inventories is positive.

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Definitions:

Advertising Behavior

The strategies and tactics used by companies to promote their products or services, often influencing consumer perceptions and demand.

One-Time Game

A strategic interaction (game) between two or more parties (players) that all parties know will take place only once.

Advertising Budgets

The allocation of financial resources by businesses towards promotional activities aimed at generating sales or awareness for their products or services.