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Author Question: When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change, ... (Read 147 times)

futuristic

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on: Jun 29, 2018
When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change, the result is
 
  A) an increase in exports.
  B) a decrease in exports.
  C) a decrease in imports.
  D) no change in imports or exports.

Question 2

Moving from one point on the production possibilities frontier to another ________.
 
  A) involves a tradeoff but does not incur an opportunity cost
  B) involves an opportunity cost but no tradeoff
  C) involves a tradeoff and incurs an opportunity cost
  D) involves no tradeoff but it does incur an opportunity cost


momolu

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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