Imports Have the Potential to Lower a Country's Inflation Rate

question 65

Multiple Choice

Imports have the potential to lower a country's inflation rate because of each of the following EXCEPT:

• A) the import of lower priced goods limits what domestic competitors can charge for goods.
• B) the import of lower priced services limits what domestic competitors can charge for services.
• C) the higher prices of foreign goods spurs domestic competitors to cut prices.
• D) all of the above

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Definitions:

Legal Issue

A point of debate, dispute, or uncertainty in the law, often necessitating a judicial decision.

Early English Court

The judicial institutions in early England, which served as the foundation for the modern British and American legal systems.

Remedy

The means by which a right is enforced or the violation of a right is prevented, redressed, or compensated.

Items of Value

Physical or intangible objects, rights, or services that hold financial worth, utility, or personal significance to someone.