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LOCAL INPUT: An input that has a relatively small geographic market area due to the high cost of transportation. The high transportation cost means it is easier (that is, less expensive) to locate the production activity near the input rather than trying to bring the input to the production activity. Like many things, local inputs are a matter of degree. At the other end of the spectrum lies transferrable inputs. Natural resources of the land, such as soil fertility, weather conditions, mineral deposits, tend to have the greatest local orientation. Labor and many urban public utilities, such as water distribution and sewage disposable, also tend to fall into the local category.
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                           EXPORTS LINE: A graphical depiction of the relation between exports sold to the foreign sector and the economy's aggregate level of income or production. This relation is most important for deriving the net exports line, which plays a minor, but growing role in the study of Keynesian economics. An exports line is horizontal which indicates that exports are totally autonomous, with no induced component. The aggregate expenditures line used in Keynesian economics is derived by adding or stacking the net exports line, derived as the difference between the exports line and imports line, onto the consumption line, after adding investment expenditures and government purchases. The exports line shows the relation between exports of domestic production purchased by the foreign sector and aggregate income or production. The income and production measures most commonly used are national income and gross domestic product. The purpose of the exports line is to graphically illustrate the exports-income relation for the foreign sector, which is then used to derive the net exports line by vertically subtracting the imports line, after which it is then integrated into the aggregate expenditures line used in Keynesian economics.Net exports are the difference between exports and imports, or exports minus imports. Exports are purchases of domestic production by the foreign sector and imports are purchases of foreign production by the domestic economy. While imports are induced by the level of domestic income and production, exports are totally autonomous. Reflecting this, the exports line is horizontal, with a zero slope. There are no induced exports. The vertical intercept, or Y-intercept, of the exports line reflects autonomous exports. | Exports Line |  |
The horizontal red line, labeled X in the exhibit to the right, indicates a typical exports line. Line any straight line, this exports line is characterized by two key parameters, intercept and slope. The intercept indicates autonomous exports and the slope indicates the degree of induced exports, if any actually existed.Identifying numbers for these two parameters for this particular line indicates that the intercept is $1 trillion, meaning autonomous exports is $1, and the slope is 0, meaning a $1 increase in domestic income or production induces a $0 decrease in exports. A zero slope means exports are autonomous and equal to $1 trillion for every level of domestic income and production.
Recommended Citation:EXPORTS LINE, AmosWEB Encyclonomic WEB*pedia, http://www.AmosWEB.com, AmosWEB LLC, 2000-2025. [Accessed: November 15, 2025].
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Paper money used by the Commonwealth of Massachusetts prior to the U.S. Revolutionary War, which was issued against the dictates of Britain, was designed by patriot and silversmith, Paul Revere.
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