Net Exports

question 174

Multiple Choice

Net exports

• A)are the smallest component of GDP.
• B)equal exports minus imports.
• C)have been negative in the United States since the mid-1970s.
• D)All of the choices are true of net exports.

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Definitions:

Rarity Principle

A concept in economics and marketing suggesting that rare or scarce items are perceived as more valuable.

Plentiful Opportunities

The abundant availability or presence of options or circumstances for action or engagement.

Compliance-Gaining Technique

Strategies used to persuade or induce others to align with one's requests or directions.

Elaboration Likelihood Model

A theory suggesting two primary pathways (central and peripheral) through which persuasion occurs, based on the depth of processing.