Question

1. negative net exports means that

a. the country sells more goods abroad than it buys from other countries.
b. the country buys more goods from other countries than it sells to other countries.
c. the country has a closed economy.
d. the countrys tariffs are too low.
e. both c and d

Explanation:

Net exports are calculated as total exports minus total imports. Negative net exports occur when imports exceed exports, meaning the country purchases more goods from foreign nations than it sells to them. A closed economy has no international trade (so net exports are zero, not negative), and tariff levels do not directly define negative net exports.

Answer:

b. the country buys more goods from other countries than it sells to other countries.