A decline in the value of net exports in the U.S. is most likely to result from an increase in ________
A) foreign income
B) U.S. exports
C) foreign real interest rates
D) the value of the U.S. dollar
D
Economics
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What does unitary elastic demand mean?
What will be an ideal response?
Economics
The above figure shows the market for game day t-shirts. If the price of t-shirts is $12, then
A) the market is in equilibrium. B) there is a surplus and the price of t-shirts will fall. C) there is a shortage and the price of t-shirts will fall. D) there is a shortage and the price of t-shirts will rise. E) there is a surplus and the price of t-shirts will rise.
Economics