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Author Question: Japan imports over 90% of its consumption of oil. If the price of oil increases, Japan's (Read 68 times)

yoroshambo

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on: Apr 19, 2019

Question 1

The U.S. and Canada have significant trade with each other. Which of the following is 
true?


◦ Canadian prices increase ⇒ Canadian exports increase ⇒ U.S. prices decrease.
◦ Canadian prices increase ⇒ Canadian exports decrease ⇒ U.S. prices increase.
◦ Canadian prices decrease ⇒ Canadian exports decrease ⇒ U.S. prices decrease.
◦ Canadian prices decrease ⇒ Canadian exports decrease ⇒ U.S. prices increase.

Question 2

Japan imports over 90% of its consumption of oil. If the price of oil increases, Japan's


◦ aggregate demand curve shifts to the right.
◦ aggregate supply curve shift to the right.
◦ aggregate supply curve shifts to the left.
◦ aggregate planned expenditures increase.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by yoroshambo on Apr 19, 2019

tranoy

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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yoroshambo

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Reply 2 on: Apr 19, 2019
Gracias!

amcvicar

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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