Explain the determinants of exports and imports. What will be ...

[DyllonKazuo]

Explain the determinants of exports and imports.
 
  What will be an ideal response?

Question 2

When a worker's nominal wage is indexed, the nominal wage is usually automatically adjusted based on movements in which of the following variables?
 
  A) productivity
  B) the price of the firm's product
  C) the average wage in the country
  D) the average wage in the industry
  E) none of the above

[tuwy]

Answer to Question 1

Exports are a function of foreign output and the real exchange rate. Imports are a function of domestic output and the exchange rate.

Answer to Question 2

E