An Increase in the Price of Imported Goods Will

question 83

Multiple Choice

An increase in the price of imported goods will:

• A) increase the volume of imports.
• B) decrease the volume of imports.
• C) shift the production possibility frontier inward.
• D) shift the production possibility frontier outward.

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Definitions:

Quote Sheet

A document or digital view listing the price quotes for various financial instruments or commodities, often used in trading.

Convertible Bond

A type of bond that can be converted into a predetermined amount of the company's equity, usually at the discretion of the bondholder.

Market Conversion Value

The current market value of a convertible security if it were converted into the underlying shares of stock today.

Conversion Ratio

The conversion ratio is the number of shares an investor receives when converting a convertible security, such as a convertible bond or preferred stock, into common stock.