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Author Question: Switzerland imports over 90% of its consumption of wheat. If the price of wheat decreases, Switzerland's (Read 98 times)

karlynnae

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Question 1

The United States and Mexico have significant trade with each other. Which of the following is 
true?


◦ Mexican prices increase ⇒ Mexican exports decrease ⇒ U.S. prices decrease
◦ Mexican prices increase ⇒ Mexican exports increase ⇒ U.S. prices increase
◦ Mexican prices decrease ⇒ Mexican exports increase ⇒ U.S. prices decrease
◦ Mexican prices decrease ⇒ Mexican exports decrease ⇒ U.S. prices increase

Question 2

Switzerland imports over 90% of its consumption of wheat. If the price of wheat decreases, Switzerland's


◦ aggregate demand curve shifts to the left.
◦ aggregate supply curve shift to the right.
◦ aggregate supply curve shifts to the left.
◦ aggregate planned expenditures decrease.


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Marked as best answer by karlynnae on Apr 19, 2019

BAOCHAU2803

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karlynnae

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Reply 2 on: Apr 19, 2019
Excellent


tandmlomax84

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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