Suppose a country's net exports equal $1.9 billion.Which of the following will happen if the volume of imports increases by $2 billion without any change in the volume of exports?
A) The country's net exports will equal $3.9 billion.
B) The country's net exports will equal $0.1 billion.
C) The country's net exports will become negative.
D) The country's net exports will equal zero.
Correct Answer:
Verified
Q97: A bilateral trade imbalance is a serious
Q98: What are the potential consequences of renegotiating
Q99: What are some of the anti-globalization trends
Q100: International trade has evolved in such ways
Q101: A country imported goods and services worth
Q103: Assuming all else equal,if _,net exports are
Q104: Domestic residents can receive income-based payments in
Q105: Suppose a country's net exports equal zero.Which
Q106: If _,net exports are zero.
A) imports exceed
Q107: _ is the excess of imports over
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents