If U.S. consumers increase their demand for apples from New Zealand, then other things the same New Zealand's
a. imports and net exports rise.
b. imports rise and net exports fall.
c. exports and net exports rise.
d. exports rise and net exports fall.
c
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According to the figure, The Rock Shop:
This figure displays the choices and payoffs (company profits) of two music shops-MiiTunes and The Rock Shop. MiiTunes is an established business in the area deciding whether to charge its usual high prices or to charge very low prices, in the hopes that a new business will not be able to make a profit at such low prices. The Rock Shop is trying to decide whether or not it should enter the market and compete with MiiTunes.
A. should enter the market, regardless of what MiiTunes chooses to do.
B. should not enter the market, regardless of what MiiTunes chooses to do.
C. does not have a dominant strategy.
D. has more than one dominant strategy.
The social cost of a transaction is _____
a. the sum of fixed and variable costs b. the difference between the total cost and opportunity cost c. the sum of private and external costs d. the difference between the private and external costs e. the sum of fixed costs and opportunity costs
If the marginal propensity to consume in a country is 0.5, then the value of the tax multiplier is: a. ?1
b. ?0.5. c. ?2. d. ?1.5.
If Martina's income increases and, as a result, she chooses to buy more lattés per month at each price, then her demand curve will
a. shift to the right. b. shift to the left. c. not shift; instead, Martina will move along her demand curve downward and to the right. d. not shift; instead, Martina will move along her demand curve upward and to the left.