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Author Question: When the prices of a country's imports increase, the prices of domestic goods may increase. This ... (Read 122 times)

jace

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on: Apr 19, 2019

Question 1

U.S. exports tend to increase when


◦ economic activity abroad is decreasing.
◦ foreign GDPs are falling.
◦ U.S. prices are falling compared to those in the rest of the world.
◦ the U.S. dollar is strong compared to foreign currencies.

Question 2

When the prices of a country's imports increase, the prices of domestic goods may increase. This occurs because


◦ an increase in the prices of imported inputs will cause aggregate supply to increase.
◦ if import prices rise relative to domestic prices, households will tend to substitute domestically produced goods and services for imports.
◦ if import prices rise relative to domestic prices, households will tend to substitute imports for domestically produced goods and services.
◦ an increase in the prices of imported inputs will cause aggregate demand to decrease.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jace on Apr 19, 2019

Amiracle

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Reply #1 on: Apr 19, 2019
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.
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jace

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Reply #2 on: Apr 19, 2019
Thanks


Amiracle

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Reply #3 on: Apr 19, 2019
Welcome :)


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