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Author Question: What typically happens to imports as income and spending rise? What will be an ideal ... (Read 67 times)

DelorasTo

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on: Jun 30, 2018
What typically happens to imports as income and spending rise?
 
  What will be an ideal response?

Question 2

The gains from trade rely on overall productivity (absolute advantage).
 
  Indicate whether the statement is true or false


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lkanara2

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

Imports increase. Consumers spend more, and some of that spending will be on goods from other countries.

Answer to Question 2

FALSE


DelorasTo

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

bdobbins

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Reply 3 on: Yesterday
Excellent

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