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Figure 19-1 -Refer to Figure 19-1.Which of the Following Would Cause the Would

Question 74

Multiple Choice

Figure 19-1 Figure 19-1 -Refer to Figure 19-1.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 19-1.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: