When the price level is low and the demand for domestic goods increases, how does it affect international trade?
A) Prices of all international goods will increase. B) Prices of all international goods will decrease.
C) Net exports will decrease. D) Net exports will increase.
D
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The American Revolution was waged against the colonial governments that had emerged and had been supported by the English
Indicate whether the statement is true or false
Most research suggests that the elasticity of the labor supply with respect to taxes is:
A. very low for most people. B. very high for most people. C. highly variable across people. D. unpredictable in most settings.
Without scarcity, people would not have to
a. share b. collaborate c. disagree d. choose e. settle
In the aggregate demand-aggregate supply model in the short run, a decrease in the money supply is likely to cause a(n) _____
Fill in the blank(s) with the appropriate word(s).