From 1983-2017,net Exports for the United States

question 190

Multiple Choice

From 1983-2017,net exports for the United States

• A)grew and then declined.
• B)were negative.
• C)were positive.
• D)increased as exports rose above imports.

---

Definitions:

Quantity Supplied

The total amount of a good or service that producers are willing and able to sell at a given price in a given time period.

Surplus

A situation in which the quantity of a good or service supplied exceeds the quantity demanded, often leading to a price reduction.

Shortage

A situation in which the demand for a product exceeds the supply available at a specific price.

Lemonade Market

A hypothetical or real market scenario used to illustrate the principles of supply and demand, usually involving the sale of lemonade.