If a Nation Exports a Good When the Economy Is

question 7

Essay

If a nation exports a good when the economy is opened to trade, the domestic price of the good will ________ and domestic consumption will _.
A.rise; rise
B.rise; fall
C.fall; rise
D.fall; fall

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Definitions:

Extrinsic Rewards

Benefits and incentives provided from an external source, used to motivate behavior that might not occur otherwise.

Intrinsic Rewards

Internal or psychological rewards that are derived from the activity itself rather than from external factors.

Extrinsic Reinforcers

Reinforcers that are not inherently related to the activity being reinforced.

Inherently Related

Describes things that are naturally or fundamentally connected or linked to each other.