A Movement Along the Net Export (NX)function Can Be Caused

question 125

Multiple Choice

A movement along the net export (NX) function can be caused by a change in

• A)domestic national income.
• B)foreign national income.
• C)domestic prices.
• D)the exchange rate.
• E)foreign prices.

Identify strategies and cultures in organizations for global business adaptability.

Comprehend the significance of compa-ratios in evaluating employee compensation.

Distinguish between different types of individual incentive plans and their applications.

Differentiate between equal pay for equal work and pay equity concepts.

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Definitions:

Marginal Private Benefit

The surplus value that consumers or producers get from buying or making an extra unit of a good or service.

Marginal Private Cost

Marginal private cost is the cost that a producer incurs in making an additional unit of a good or service, excluding any external costs.

Socially Optimal

A state in which resources are allocated in the most efficient and equitable manner from a societal perspective.

Network Externality

A situation where the value or utility of a product or service to one user increases with the number of other users of the same or compatible products or services.