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Figure 30-1 -Refer to Figure 30-1. Which of the Following Would Cause

Question 78

Multiple Choice

Figure 30-1 Figure 30-1 -Refer to Figure 30-1. Which of the following would cause the change depicted in the figure above? A) U.S. productivity rises relative to European productivity. B) Europeans decrease their preferences for U.S. goods relative to European goods. C) The European Union increases its quotas on U.S.-produced wine. D) an increase in the price level of U.S. goods relative to European goods
-Refer to Figure 30-1. Which of the following would cause the change depicted in the figure above?

A) U.S. productivity rises relative to European productivity.
B) Europeans decrease their preferences for U.S. goods relative to European goods.
C) The European Union increases its quotas on U.S.-produced wine.
D) an increase in the price level of U.S. goods relative to European goods

Correct Answer: