If a Country Has $2

question 189

Multiple Choice

If a country has $2.4 billion of net exports and purchases $4.8 billion of goods and services from foreign countries,then it has

• A)$7.2 billion of exports and $4.8 billion of imports.
• B)$7.2 billion of imports and $4.8 billion of exports.
• C)$4.8 billion of exports and $2.4 billion of imports.
• D)$4.8 billion of imports and $2.4 billion of exports.

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Definitions:

Cappuccinos

Espresso-based coffee drinks that are typically composed of equal parts espresso, steamed milk, and milk froth.

Sports Tickets

Are an example of a market where demand often exceeds supply, leading to various pricing and allocation strategies such as dynamic pricing or lotteries.

E-Books

Digital versions of printed books, designed to be read on computers, e-readers, tablets, or smartphones, offering convenient access and storage.

Perfect Substitutes

Goods that can be used in place of one another with no loss of satisfaction by consumers.