When the price level is low, resulting in domestic goods being cheaper than imported foreign goods,
A) there will be a reduction in import tariffs. B) the demand for domestic goods will increase.
C) consumers hold more money. D) consumers spend less.
B
You might also like to view...
Suppose there is a simultaneous increase in the demand for rice and increase in the supply of rice. Which of the following will occur as a result of these simultaneous events?
A) Both the market clearing price and equilibrium quantity will rise. B) The market clearing price will fall, but the equilibrium quantity will rise. C) The market clearing price may rise, fall, or stay the same, but the equilibrium quantity will rise. D) The market clearing price will fall, but the equilibrium quantity may rise, fall, or stay the same.
If the amount you owe on your house is less than the price of the house, you have
A) positive equity in your house. B) an adjustable-rate mortgage on your house. C) negative equity in your house. D) a reverse mortgage on your house.