If domestic income is rising,
a. exports will increase.
b. demand for foreign currency will fall.
c. imports will increase.
d. imports will decrease.
c. imports will increase.
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Use the following table to answer the question below.Alexandra's Production Possibilities ScheduleNatalia's Production Possibilities ScheduleNumber of Scarfs Knitted per dayNumber of Sweaters Knitted per dayNumber of Scarfs Knitted per hourNumber of Sweaters Knitted per hour040433236242916112080What is the minimum a sweater would be traded for in this example?
A. 1/3 of a scarf B. 1/2 of a scarf C. 3 scarves D. 2 scarves
The position of the long-run aggregate supply curve is determined by
A) the long-run aggregate demand curve. B) the production possibilities curve. C) the open economy effect. D) the interest rate effect.
?Scenario: You are a U.S. taxpayer who had taxable income of? $200,000 in 2017. You paid? $49,400 in individual income? taxes, and you paid 33 cents of the last dollar you earned as individual income tax. Your marginal tax rate is? ________
A. 33 percent B. 0 percent C. 49.4 percent D. 24.7 percent
Which of the following statements about the financing of international trade is correct?
A. International trade means the trading of financial assets for foreign exchange B. Most international transactions are made with gold C. Imports are more important than exports to the economy of a nation D. Exports provide the foreign currencies needed to pay for imports