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:

Operational Definition

A definition that translates the variable we want to assess into a specific procedure or measurement.

Specific Procedure

A set of established steps or actions designed to achieve a particular outcome or result in a precise manner.

Behavior

The observable actions or reactions of humans or animals in response to external or internal stimuli.

Variable

Any characteristic whose values can change.