An increase in the U.S. price level, other things constant, will _____
a. increase U.S. exports and decrease U.S. imports
b. increase U.S. exports and leave U.S. imports unchanged
c. decrease U.S. exports and increase U.S. imports
d. decrease U.S. exports and leave U.S. imports unchanged
e. leave both U.S. exports and U.S. imports unchanged
c
Economics
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A weapons producer sells guns to two countries that are at war with each other. The guns can be produced at a constant marginal cost of $10
The demand for guns from the two countries can be represented as: QA = 100 - 2p QB = 80 - 4p Why is the weapons producer able to price discriminate? What price will it charge to each country?
Economics
Checkable deposits are money because they are:
a. Acceptable as payment b. Fiat money c. Token money d. Legal tender
Economics