Author Question: The increase in spending that occurs because domestic goods become cheaper relative to foreign goods ... (Read 68 times)

NguyenJ

  • Hero Member
  • *****
  • Posts: 516
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.


IAPPLET

  • Sr. Member
  • ****
  • Posts: 333
Answer to Question 1

C

Answer to Question 2

B



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

For a complete list of videos, visit our video library