This Application addresses the idea that
A) imports ultimately have a positive impact on all communities.
B) imports have a bigger impact on some communities than on others.
C) imports are only beneficial to a community if they are equally matched by exports from that community.
D) imports have an equal impact on all communities.
Question 2
An increase in expected future disposable income ________ consumption expenditure and ________.
A) increases; shifts the consumption function downward
B) increases; shifts the consumption function upward
C) decreases; shifts the consumption function upward
D) increases; results in a movement upward along the consumption function
E) decreases; shifts the consumption function downward