If Goods X and Y Are Complements, the

question 82

Multiple Choice

If goods X and Y are complements, the

• A)quantities demanded of X and Y tend to move in opposite directions.
• B)quantities demanded of X and Y tend to move in the same direction.
• C)prices of X and Y tend to move in the same direction.
• D)supply curves for X and Y tend to move in the same direction.

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Definitions:

Exports

Goods or services sent from one country to another for trade or sale.

Supply

The total amount of a specific good or service that is available to consumers.

Foreign-Currency Exchange

The trading of one currency for another, determining how much one country's currency is worth in another country's currency.

Real Interest Rate

The rate of interest an investor, saver, or lender receives (or expects to receive) after allowing for inflation.