When a Change in the Price Level Leads to a Change

question 16

Multiple Choice

When a change in the price level leads to a change in the quantity of net exports demanded,it is called the ________ effect.

• A) international trade
• B) export
• C) import
• D) net export
• E) interest rate

---

Definitions:

U.S. Dollar

The official currency of the United States, used as a standard monetary unit in international trade.

Foreign Exchange Market

A global decentralized or over-the-counter market for trading currencies, determining foreign exchange rates for every currency.

Organized Exchange

is a regulated marketplace where securities, commodities, derivatives, and other financial instruments are traded between members.

Physical Location

The tangible and geographic place where a business operates or a service is provided.