A Rise in the U

question 42

Multiple Choice

A rise in the U.S. price level will cause:

• A)both exports and imports to increase.
• B)both exports and imports to decrease.
• C)exports to increase and imports to decrease.
• D)exports to decrease and imports to increase.

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Definitions:

Farmer

An individual engaged in the activity of agriculture, aiming to produce crops and raise livestock for consumption or sale.

Calendar Time

The actual time measured by calendar days, weeks, months, or years, as opposed to other measures of time.

Immediate Market

A marketplace or environment where transactions occur directly and without delay, allowing for the quick exchange of goods or services.