If imports increase as disposable income increases, economic growth will __________ net exports and contribute to a trade __________.
A) increase; deficit
B) increase; surplus
C) decrease; deficit
D) decrease; surplus
E) not affect; balance
Correct Answer:
Verified
Q14: As U.S. income rises, U.S. imports will
Q15: If the value of the U.S. dollar
Q16: An increase in the value of the
Q17: An increase in U.S. consumers' incomes will
Q18: A decrease in the value of the
Q20: As U.S. income falls, U.S. exports will
Q21: Which of the following would shift the
Q22: Which of the following factors is not
Q23: Exhibit 9-4 Q24: In 2007, the value of the dollar
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