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Author Question: The increase in spending that occurs because domestic goods become cheaper relative to foreign goods ... (Read 87 times)

NguyenJ

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on: Jun 30, 2018
The increase in spending that occurs because domestic goods become cheaper relative to foreign goods when the price level falls is known as the
 
  A) interest rate effect. B) price effect.
  C) international trade effect. D) wealth effect.

Question 2

The difference between exports and imports in GDP is called
 
  A) import tariffs. B) net exports. C) net imports. D) gross imports.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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IAPPLET

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

B


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