The term net exports refers to:
A)the situation in which a country's exports exceed its imports.
B)the situation in which a country's imports exceed its exports.
C)the shortages that result when a country imposes a price ceiling.
D)the shortages that result when a country imposes a price floor.
E)the difference between the value of exports and the value of imports.

Question

Quizplus · Accepted Answer

The term "net exports" refers to the difference between the value of a country's exports of goods and services and the value of its imports of goods and services. When a country's exports exceed its imports, it has a positive net export balance, while if its imports exceed its exports, it has a negative net export balance. Therefore, option E is the correct choice.

The Term Net Exports Refers To