When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change , the result is
A) a decrease in imports.
B) a decrease in exports.
C) no change in imports or exports.
D) an increase in exports.

Question

Quizplus · Accepted Answer

When U.S.-produced goods become more expensive while foreign goods remain the same, U.S. exports decrease because foreign buyers may find U.S. goods less attractive compared to cheaper alternatives.

When the Prices of U