Question : Net earnings is ___, when receipts from exports are more than payments for imports.
Option 1: Negative
Option 2: Zero
Option 3: Positive
Option 4: None of the above.
Correct Answer: Positive
Solution : Net earnings is positive, when receipts from exports are more than payments for imports. Hence, Option C is correct.
Question : Net earnings is ___, when receipts from exports are less than payments for imports.
Question : Net earnings is ___, when receipts from exports are equal to payments for imports.
Question : Net exports = ?
Option 1: Exports - Imports
Option 2: Exports + Imports
Option 3: Only Exports
Question : When income level is zero, the consumption is ___________.
Option 1: Positive
Option 2: Negative
Option 3: Zero
Question : The difference between exports and imports is _______.
Option 1: Net exports
Option 2: Net imports
Option 3: Disposable income
Option 4: All of the above.
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