Compared to the Situation Before International Trade, After the United

question 61

Multiple Choice

Compared to the situation before international trade, after the United States exports a good , then production in the United States ________ and consumption in the United States ________.

• A) increases; increases
• B) increases; decreases
• C) decreases; increases
• D) decreases; decreases

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Definitions:

Consolidated Net Income

The total net income of a parent company and its subsidiaries, after eliminating the effects of intercompany transactions.

Investment Account

An account held at a financial institution that holds securities, stocks, bonds, and other investment assets.

Intangible Asset

Assets that are not physical in nature, including goodwill, software, and licensing agreements, valuable to a company's operations.

Lease Agreement

A contract outlining the terms under which one party agrees to rent property owned by another party.