Which of the Following Best Describes the International Trade Effect

question 90

Multiple Choice

Which of the following best describes the international trade effect?

• A) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively less expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
• B) The price level in the U.S. falls relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
• C) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy fewer U.S. goods.
• D) The price level in the U.S. rises relative to foreign price levels, U.S. goods become relatively more expensive than foreign goods, and both Americans and foreigners buy more U.S. goods.
• E) a and c

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Definitions:

Empowerment

The process of giving individuals or groups the power and resources to make decisions and effect change within their communities or organizations.

Discount Coupons

Marketing tools that offer consumers a reduction in the price of goods or services, often used to stimulate sales or attract new customers.

Upscale Department Store

A retail establishment offering high-quality products and services to affluent customers, characterized by luxury brands and superior customer service.

Touch Point

Any point at which a customer and the company come into contact.