Net Exports Can Be Defined as

question 63

Multiple Choice

Net exports can be defined as

• A) exports plus imports.
• B) exports minus imports.
• C) exports divided by imports.
• D) imports minus exports.
• E) imports divided by exports.

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers, usually determined by price, production costs, and market demand.

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price.

Excess Demand

A situation in which the demand for a product exceeds the supply at a set price, leading to shortages.

Bluetooth Headsets

Wireless headsets that use Bluetooth technology to connect with devices such as smartphones, computers, or other electronic devices for audio transmission.