Asked by
Connor Gaffey
on Oct 13, 2024Verified
Net exports are positive when
A) a nation's exports of goods and services exceed its imports.
B) a nation's imports of goods and services exceed its exports.
C) a nation's exports of goods exceeds its imports.
D) a nation's exports of services exceeds its imports.
Net Exports
represents the difference between a country's total value of exports and its total value of imports, indicating the balance of trade.
Exports
Merchandise or services dispatched to a different country for the sake of trade or sales.
Imports
Goods and services bought by a country from other countries.
- Comprehend the elements and importance of net exports within the national economy.
Verified Answer
BT
Learning Objectives
- Comprehend the elements and importance of net exports within the national economy.