Suppose there is a reduction in foreign output, Y*. This reduction in Y* will cause which of the following in the domestic country?a reduction in outputa reduction in consumptiona reduction in net exportsall of the abovenone of the above

1._______ The total value of a nation’s exports minus thetotal value of its imports over some period of time

2. Exports, imports, and Net exports

Please solve both 13 and 14th question . I will give you thumbs up .

Beriefly explain why intrest rate and net export are inversely related in equation NX=500-0.10Y-500R.

Question Match the term to its correct definition. Column A 1. 2. 3. 4. 5. f 6. Asia-Pacific Economic Cooperation (APEC) European Union International Trade Agreements North American Free Trade Agreement (NAFTA) O a O b O c Od Protectionism United Nations (UN) What happens when a nation's currency depreciates? Its products become cheaper to other nations. Its trade decreases. Its trade increases. Its products become more expensive to other nations. Question 3 (1 point) Column B a. A trade agreement between the United States, Mexico, and Canada established in 1994 and renegotiated as the United States-Mexico-Canada agreement. b. A political and diplomatic organization established to promote economic and social cooperation between nations. c. Multinational agreements on trade conditions. d. A political and economic union of European states. e. An economics forum consisting of 21 countries in the Asia-Pacific region. f. The concept of protecting a country's domestic industries from foreign…

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Which of the following represents the domestic demand for goods? OC+I+G - IM/ɛ OC+I+ G+ X + ɛIM OC+I+G + X OC+I+G + X- ɛM/ɛ %3D OC+I+ G