The domestic income effect on imports depends on:
A) the size of the income change and the income elasticity of demand.
B) the size of the income change and the size of the country's wealth.
C) the size of the country's wealth and the income elasticity of demand.
D) the size of the income change and the inflation rate.
E) changes in the terms of trade.
Correct Answer:
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Q23: If the foreign income elasticity of the
Q24: The sensitivity of a country's exports is
Q25: The income elasticity of the demand for
Q26: If a country's currency appreciates:
A) exports rise
Q27: If a country's currency depreciates:
A) exports rise
Q29: If the domestic income elasticity of the
Q30: Which of the following is the term
Q31: The income elasticity of the demand for
Q32: The sensitivity of a country's imports is
Q33: As a country's currency appreciates:
A) the aggregate
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