If inflation in the United States is lower than inflation in other countries, what will be the effect on net exports for the United States?
A) Net exports will rise as U.S. exports increase.
B) Net exports will decrease as U.S. imports decrease.
C) Net exports will decrease as U.S. exports decrease.
D) Net exports will rise as U.S. imports increase.
A
Economics
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If nominal GDP rises we can say that
A) production has risen and prices remain constant. B) prices have risen and production remains constant. C) production has fallen and prices have risen. D) production has risen or prices have risen or both have risen.
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Poor nations typically have a competitive advantage in agricultural goods because of
A. High productivity. B. Low labor costs. C. Entrepreneurial incentives. D. Plenty of land.
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