When spending and incomes in an economy increase,
A) imports are likely to increase.
B) imports are likely to be unchanged.
C) imports are likely to decrease.
D) exports are likely to decrease.
A
Economics
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The Law of Diminishing Marginal Returns states that:
A) successive increases in inputs eventually lead to less additional output. B) successive increases in product prices lead to a fall in revenue. C) the demand for a good decreases as the price of the good increases. D) the net benefits of a perfectly competitive firm decrease as more firms enter the market.
Economics
When accounting profits are zero, which of the following is most likely to be true?
A. Economic profits are negative. B. Economic profits could be positive. C. Economic profits could be zero. D. All of these are likely.
Economics