Which of the following would cause a change in imports?
a. A change in foreign income
b. A change in foreign consumption
c. A change in domestic tastes for foreign products
d. A change in foreign tastes for domestic products
e. A change in domestic investment spending
c
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Which point best represents the economy in a depression?
A. Point H
B. Point F
C. Point I
D. Point G
When the housing bubble popped, the effect of the negative demand side shock and the negative supply side shock were the same on:
A. output, causing it to definitely decrease. B. prices, causing them to definitely rise. C. output, causing it to definitely increase. D. prices, causing them to definitely fall.
Which of the following is an item in the current account balance of the United States? The purchase of:
A. A U.S. company by a foreign company B. Stock in a foreign corporation by a U.S. company C. Insurance in the United States by a foreign company D. A United States Treasury bond by a wealthy foreigner
Factors of production are:
A.) the laws that regulate manufacturers. B.) the technological innovations available to companies. C.) the resources used to create output. D.) the waste left over after goods are produced.