This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the prices of a country's imports increase, the prices of domestic goods may increase. This ... (Read 78 times)

jace

  • Hero Member
  • *****
  • Posts: 541
on: Apr 19, 2019

Question 1

U.S. exports tend to increase when


◦ economic activity abroad is decreasing.
◦ foreign GDPs are falling.
◦ U.S. prices are falling compared to those in the rest of the world.
◦ the U.S. dollar is strong compared to foreign currencies.

Question 2

When the prices of a country's imports increase, the prices of domestic goods may increase. This occurs because


◦ an increase in the prices of imported inputs will cause aggregate supply to increase.
◦ if import prices rise relative to domestic prices, households will tend to substitute domestically produced goods and services for imports.
◦ if import prices rise relative to domestic prices, households will tend to substitute imports for domestically produced goods and services.
◦ an increase in the prices of imported inputs will cause aggregate demand to decrease.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by jace on Apr 19, 2019

Amiracle

  • Sr. Member
  • ****
  • Posts: 334
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.
Answer Preview
Only 39% of students answer this correctly


jace

  • Hero Member
  • *****
  • Posts: 541
Reply #2 on: Apr 19, 2019
Thanks


Amiracle

  • Sr. Member
  • ****
  • Posts: 334
Reply #3 on: Apr 19, 2019
Welcome :)


« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward Lilly Martin Spenser’s painting, Domestic Happiness (1844), reflects the change in attitudes toward
Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It Why did these young volunteers of the First Virginia Militia join the Confederate army in 1861? “It
IPCC Temperature Increase Predictions Relative to 1986-2005 IPCC Temperature Increase Predictions Relative to 1986-2005
Ecosystem goods and services and monetary values Ecosystem goods and services and monetary values
Effect of an Increase in Technological Progress Effect of an Increase in Technological Progress
Explain how it can be desirable from an intertemporal perspective for a country run a current ... Explain how it can be desirable from an intertemporal perspective for a country run a current ...
Video: Embryonic development - Weeks 5 to 8

For a complete list of videos, visit our video library