Net Exports Is Defined as

question 14

Multiple Choice

Net exports is defined as

• A)exports plus imports.
• B)exports minus imports.
• C)imports minus exports.
• D)that portion of consumption and investment goods sent to other countries.

---

Definitions:

Marginal Cost

The price required to create another unit of a good or service.

Advertising Elasticity of Demand

The responsiveness of the quantity demanded of a good to a change in the amount of advertising for that good.

Marginal Cost of Production

The change in total production costs that comes from making or producing one additional item.

Advertising Elasticity of Demand

Measures the responsiveness of the quantity demanded of a good or service to a change in the level of advertising for that good or service.