Author Question: If both imports and exports rose, a. AD would decrease. b. AD would increase. c. AD would decrease ... (Read 111 times)

mpobi80 · **on:** Jun 30, 2018

If both imports and exports rose,
a. AD would decrease.
b. AD would increase.
c. AD would decrease if exports rose more than imports.
d. AD would increase if exports rose more than imports.

Question 2

Suppose only 7 percent of Turkey's products go to the United States. Hence, an increase in U.S. imports from Turkey:
a. would have no significant effect on Turkey's domestic income.
b. would significantly increase Turkey's domestic income.
c. would significantly decrease Turkey's domestic income.
d. would significantly increase U.S. domestic income.
e. would significantly decrease U.S. domestic income.