If consumers increase their preference for foreign goods and services, imports will likely:
A) increase.
B) decrease.
C) remain constant.
D) increase at first and then decrease.

Question

Quizplus · Accepted Answer

If consumers increase their preference for foreign goods and services, it means that they will likely buy more foreign goods and services than before. This, in turn, means that imports will increase to meet the higher demand for foreign goods and services.

If Consumers Increase Their Preference for Foreign Goods and Services