Which of the following best describes the international trade effect?
A) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively less expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
B) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
C) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy fewer U.S. goods.
D) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
E) a and c

Question

Quizplus · Accepted Answer

The Answer of Which of the following best describes the international trade effect?
A) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively less expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
B) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
C) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy fewer U.S. goods.
D) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
E) a and c

Which of the Following Best Describes the International Trade Effect