U.S. imports are most likely to increase when
A. U.S. GDP decreases.
B. U.S. unemployment rates fall.
C. U.S. prices fall.
D. foreign prices rise.
Answer: B
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The comparative advantage in a specific good can shift over time from one country to another, as the other countries can produce it at a cheaper cost after imitating the technology
a. True b. False Indicate whether the statement is true or false
The monetary base:
a. Includes currency in circulation, checking accounts, and near money. b. Includes currency in circulation, checking accounts, and near money. c. Includes currency in circulation, cash in the vaults of financial intermediaries (e.g., banks), and deposits of financial intermediaries at the central bank. d. Is equal to currency in circulation. e. Includes all liquid assets in a nation that can be spent