U.S.net Exports Are

question 59

Multiple Choice

U.S.net exports are:

• A) Equal to the value of exports minus the value of imports.
• B) Positive if the U.S.imports more than it exports.
• C) A larger portion of GDP than investment.
• D) Always equal to zero.

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Definitions:

Medical Technology

The application of scientific knowledge and devices to improve healthcare, including diagnostics, treatment, and patient care.

Medicare Subsidies

Financial support provided by the government to help lower the cost of Medicare for eligible individuals.

Demand for Health Care

The total amount of health care services that consumers are willing and able to purchase at a given price level.

Price-Inelastic

A characteristic of a product or service whose demand does not significantly change with a change in its price.