At high domestic price levels compared to other countries, Americans:
A) sell more exported goods.
B) buy more imported goods.
C) buy the same amount of foreign goods.
D) try to buy American-made goods.

Question

Quizplus · Accepted Answer

When domestic prices are high compared to other countries, Americans are likely to buy more imported goods because they are relatively cheaper.

At High Domestic Price Levels Compared to Other Countries, Americans