In 2009, U.S. Net Exports Were

question 217

Multiple Choice

In 2009, U.S. net exports were

• A)positive and about 3 percent the size of GDP.
• B)positive and about 6 percent the size of GDP.
• C)negative and about 3 percent the size of GDP.
• D)negative and about 6 percent the size of GDP.

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Definitions:

Product Life Cycle

The stages a product goes through from development to withdrawal from the market, including introduction, growth, maturity, and decline.

Online Businesses

Companies that operate primarily on the internet, offering goods, services, or information to a global audience.

Predatory Pricing

A pricing strategy where a product is sold at a very low price with the intent to drive competitors out of the market.

Charging

In financial contexts, charging refers to the act of imposing a fee for goods or services; in technology, it pertains to the process of replenishing a device's battery power.