[Answered] What typically happens to imports as income and spending rise? What will be an ideal ...

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Author Question: What typically happens to imports as income and spending rise? What will be an ideal ... (Read 29 times)

DelorasTo

Hero Member
Posts: 548

on: Jun 30, 2018

What typically happens to imports as income and spending rise?

What will be an ideal response?

Question 2

The gains from trade rely on overall productivity (absolute advantage).

Indicate whether the statement is true or false

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lkanara2

Sr. Member
Posts: 329

Reply #1 on: Jun 30, 2018

Answer to Question 1

Imports increase. Consumers spend more, and some of that spending will be on goods from other countries.

Answer to Question 2

FALSE

DelorasTo

Member
Posts: 548

Reply 2 on: Jun 30, 2018

Gracias!

nanny

Member
Posts: 313

Reply 3 on: Yesterday

Excellent

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