When the Prices of U

question 424

Multiple Choice

When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change, the result is

• A) an increase in exports.
• B) a decrease in exports.
• C) a decrease in imports.
• D) no change in imports or exports.

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Definitions:

Negation

A grammatically correct construction used to assert that a statement is false.

Disjunction

A grammatically correct construction used to assert that one or both of two statements are true.

Truth Table

A mathematical table used in logic to determine the truth value of logical expressions based on their variables' truth values.

Imply

To suggest or express something indirectly or covertly, leaving the full meaning to be inferred by the audience.