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Author Question: Refer to Figure 19-1. Which of the following would cause the change depicted in the figure above? (Read 365 times)

Yolanda

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Figure 19-1











Refer to Figure 19-1.  Which of the following would cause the change depicted in the figure above?


◦ U.S. productivity falls relative to European productivity.
◦ Americans increase their preferences for goods produced in the EU relative to American goods.
◦ The United States imposes a quota on wine from the European Union.
◦ The price level of goods produced in the EU decreases relative to the price level of goods produced in the United States.


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Marked as best answer by Yolanda on Mar 16, 2019

hollysheppard095

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