An increase in incomes in other countries, other things equal, would tend to cause U.S
a. exports to decrease and imports to increase.
b. exports to increase and imports to increase.
c. imports to decrease and exports to decrease.
d. imports to increase and exports would remain unchanged.
e. imports to remain unchanged and exports to increase.
E
Economics
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A) in, unemployed B) in, not unemployed C) not in, unemployed D) not in, not unemployed
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Which of the following is FALSE?
A) Consumer surplus increases after a tariff is placed on imports. B) Producer surplus increases after a tariff is imposed. C) Government revenue increases after a tariff is imposed. D) Deadweight losses result from tariffs.
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