Net Exports Is Calculated By

question 5

Multiple Choice

Net exports is calculated by:

• A) adding total exports and total imports together.
• B) subtracting total exports from total imports.
• C) subtracting total imports from total exports.
• D) None of these is correct.

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Definitions:

Logrolling

The trading of votes by legislators to secure favorable outcomes on decisions concerning the provision of public goods and quasi-public goods.

Diminish

To decrease or make smaller in size, importance, or intensity.

Excludability

The characteristic displayed by those goods and services for which sellers are able to prevent nonbuyers from obtaining benefits.

Consuming

Consuming involves using up goods or services by purchasing, eating, or utilizing them to satisfy needs or wants.