Which of the following would cause a change in imports?
a. A change in foreign income
b. A change in foreign consumption
c. A change in domestic tastes for foreign products
d. A change in foreign tastes for domestic products
e. A change in domestic investment spending
c
Economics
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The slope of the budget line is equal to the ratio of:
a. marginal utilities. b. money income to the price of the good on the horizontal axis. c. money income to the price of the good on the vertical axis. d. price of the good on the horizontal axis to the price of the good on the vertical axis.
Economics
In long-run equilibrium, each monopolistically competitive firm can earn positive economic profits due to economies of scale
a. True b. False Indicate whether the statement is true or false
Economics