Which of the following changes would cause American net exports to increase?
A) An increase in the real value of the dollar
B) An increase in American income
C) An increase in foreign income
D) A shift in demand by American consumers away from domestically produced goods
C
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When firms charge different prices to different consumers for the same good or service, it is referred to as ________
A) price bias B) shadow pricing C) predatory pricing D) price discrimination
Refer to Figure 16-6. With this pricing scheme - a competitive price for the classes and a one-time membership fee - what amount of producer surplus will Sensei earn?
A) the area A + B + C + D + E + F + G + H B) the area E + F. C) the area H + G + F. D) the area A + B + C + D + E.
An increase in both equilibrium price and quantity is a consequence of a(n): a. increase in supply
b. increase in demand. c. decrease in demand d. decrease in supply
Based on your understanding of the IS-LM model, graphically illustrate and explain what effect a reduction in consumer confidence will have on output, the interest rate, and investment
What will be an ideal response?