If the Value of Net Exports Is Positive, Then

question 173

Multiple Choice

If the value of net exports is positive, then

• A) exports exceed imports.
• B) imports exceed exports.
• C) exports equal imports.
• D) imports are zero.

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Definitions:

Independent Action

Decisions or actions taken by an individual or entity without coordination or influence from others.

Competing Airlines

Airlines that operate in the same markets and compete against each other for customers, often resulting in various pricing and service strategies.

Dominant Strategy

In game theory, a strategy that is the best for a player regardless of what strategies other players use, leading to an optimal outcome for the player employing it.

Optimal

The most favorable condition or level of efficiency at which the desired outcome or operation is most effective or functional.