If Consumers Increase Their Preference for Foreign Goods and Services

question 67

Multiple Choice

If consumers increase their preference for foreign goods and services, aggregate expenditure will likely:

• A) increase.
• B) decrease.
• C) remain constant.
• D) increase at first and then decrease.

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Definitions:

Support

Providing assistance, encouragement, or enabling resources to individuals or groups.

Coalition

An alliance of factions, parties, or nations for a specific purpose, often temporary.

Uniform Network

A network system where all components operate under the same protocol or standard.

Strong Ties

Relationships marked by close, personal connections and frequent interactions, often within a tight-knit community or network.