Solved

Which of the Following Statements Regarding Imports and Exports Is

Question 2

Multiple Choice

Which of the following statements regarding imports and exports is true?


A) Both imports and exports vary directly with the level of domestic income.
B) Both imports and exports vary inversely with the level of domestic income.
C) Imports vary directly with the level of domestic income; exports are independent of the level of domestic income.
D) Exports vary directly with the level of domestic income; imports are independent of the level of domestic income.
E) Both imports and exports are independent of the level of domestic income.

Correct Answer:

verifed

Verified

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents