When the Value of Net Exports Is Positive

question 6

Multiple Choice

When the value of net exports is positive,

• A) there is a trade deficit.
• B) imports exceed exports.
• C) imports are less than exports.
• D) exports equal imports.
• E) none of these.

Understand patient education components for post-surgical care.

Recognize measures to prevent allergic reactions and maintain safety in the surgical environment.

Describe the proper handling of surgical specimens.

Understand the principles of wound care and factors affecting wound healing.

---

Definitions:

Agent

In economics, an agent is an individual or entity that makes decisions, often in the context of trading or negotiating, on behalf of another person or group.

Informational Asymmetry

A situation where one party in a transaction has more or superior information compared to another. This often leads to an imbalance in power or decision-making.

Hidden Action

A situation in principal-agent relationships where the agent's actions are not fully observable by the principal, potentially leading to agency problems.

Hidden Characteristic

A quality of a product or service that is not immediately observable to the buyer, often leading to information asymmetry in the market.