Net Exports Are Positive When

question 54

Multiple Choice

Net exports are positive when

• A)a nation's exports of goods and services exceed its imports.
• B)a nation's imports of goods and services exceed its exports.
• C)a nation's exports of goods exceeds its imports.
• D)a nation's exports of services exceeds its imports.

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Definitions:

Progressive Tax Rates

A tax system where the tax rate increases as the taxable amount or income increases, imposing a higher percentage rate on higher income earners.

Welfare Programs

Governmental provisions designed to improve individuals' quality of life, often targeted at the needy.

Illegitimate Births

Births occurring outside of a legally or socially recognized union, often referred to in the context of discussions on social and family dynamics.

Negative Income Tax

A system of income support that provides direct financial assistance from the government to individuals whose income falls below a certain level, effectively subsidizing their income.