If incomes in the United States increase, other things equal, then U.S.
What will be an ideal response?
imports increase and exports remain constant
"An increase in real disposable income will increase imports, but it will not affect exports. Net exports equal the value of exports minus the value of imports"
Economics
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Jill and Jed have individual demand curves for tennis rackets given in the table above and are the only two demanders in the market. What is the market quantity demanded at the price of $30?
A) 2 B) 5 C) 11 D) 18
Economics
What is the source of comparative advantage in the Heckscher-Ohlin model?
What will be an ideal response?
Economics