The U.S. and Japan have significant trade with each other. Which of the following is true?
A) U.S. prices increase ⇒ U.S. exports increase ⇒ Japanese prices decrease.
B) U.S. prices increase ⇒ U.S. imports increase ⇒ Japanese prices increase.
C) U.S. prices decrease ⇒ U.S. imports increase ⇒ Japanese prices increase.
D) U.S. prices decrease ⇒ U.S. exports decrease ⇒ Japanese prices increase.
Correct Answer:
Verified
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