Refer to Figure 19-2.Which of the following would cause the ...

[charchew]

Question 1

Figure 19-1











Refer to Figure 19-1.  Which of the following would cause the change depicted in the figure above?

◦ European productivity rises relative to American productivity.
◦ Americans increase their preferences for goods produced in the EU relative to American goods.
◦ The U.S. removes a quota on wristwatches from the European Union.
◦ The price level of goods produced in the EU increases relative to the price level of goods produced in the United States.

Question 2

Figure 19-2










Refer to Figure 19-2.  Which of the following would cause the change depicted in the figure above?

◦ Lack of investment in infrastructure causes U.S. productivity to fall relative to Chinese productivity.
◦ Tainted cat food from China causes U.S. consumers to decrease their preferences for Chinese goods relative to U.S. goods.
◦ A new trade agreement with China results in the United States removing all tariffs on clothing imported from China.
◦ The Chinese increase their preferences for goods produced in the United States.

[Jevvish]

A FREE account is required to view all solutions! Click to Register

Login with Facebook Login with Google Login with Email

Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.

Answer Preview

Only 53% of students answer this correctly

[Mark Winterfeldt]

Thank you!

[Man Yan Yeung]

Thank you