Multiple Choice
Which of the following statements is correct?
A) Imports are the goods and services that are produced domestically and consumed abroad.
B) Transfer payments refer to the payments made to foreign firms.
C) Exports refer to the goods and services that are produced abroad and consumed domestically.
D) Net exports are the value of a country's exports minus the value of its imports.
Correct Answer:
Verified
Correct Answer:
Verified
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