If tastes for foreign goods and services go up, then we would expect imports to:
A) increase.
B) decrease.
C) remain constant.
D) increase and then sharply decrease more.

Name: If tastes for foreign goods and services go up, then we would expect imports to: A) increase. B) decrease. C) remain constant. D) increase and then sharply decrease more.
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Question

Quizplus · Accepted Answer

If tastes for foreign goods and services go up, it means people will want to purchase more of them, which would lead to an increase in imports.

If Tastes for Foreign Goods and Services Go Up, Then