Net Exports Is a Negative Figure When

question 145

Multiple Choice

Net exports is a negative figure when

• A)a nation's exports of goods and services exceed its imports
• B)depreciation exceeds gross private domestic investment
• C)the economy's stock of capital is declining
• D)a nation's imports of goods and services exceed its exports

Apply principles of economic welfare analysis to various market situations.

Describe the impact of supply and demand changes on market surplus.

Analyze welfare implications of market prices and resource allocation.

Understand the concept of social bias such as ingroup bias and scapegoating.

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Definitions:

Corporation

A legal entity created under state law that is separate from its shareholders and has its own rights and liabilities.

National

Pertaining to or characteristic of a nation; relating to a country or its citizens.

Community Service

Voluntary work intended to help people in a particular area, often organized through groups, schools, or non-profit organizations to support the community.

Altruism

An unselfish interest in helping another person.