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Author Question: Japan imports over 90% of its consumption of oil. If the price of oil increases, Japan's (Read 60 times)

yoroshambo

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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.


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Marked as best answer by yoroshambo on Apr 19, 2019

tranoy

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yoroshambo

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Reply 2 on: Apr 19, 2019
Excellent


alvinum

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Reply 3 on: Yesterday
:D TYSM

 

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