An increase in income in other countries, other things equal, would cause U.S. _____
a. exports to decrease and imports to increase
b. exports to increase and imports to increase
c. imports to decrease and exports to decrease
d. imports to increase and exports to remain unchanged
e. imports to remain unchanged and exports to increase
e
Economics
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How would an increase in prices in retail stores change the real value of the money you earn as wages?
What will be an ideal response?
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The text calls the type of comparative advantage that is not easily changed, such as climate:
A. inherent comparative advantage. B. stable comparative advantage. C. permanent comparative advantage. D. equilibrium comparative advantage.
Economics