If the World Price of a Product Rises Relative to the Domestic

question 44

Multiple Choice

If the world price of a product rises relative to the domestic price in a trading nation, then, for that product,

• A) exports and imports will increase.
• B) exports and imports will decrease.
• C) exports will increase and imports will decrease.
• D) imports will increase and exports will decrease.

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Definitions:

Innate Talent

Natural abilities or proficiency in certain activities or fields present from birth or without the need for learning.

Secretly Hates

A condition where an individual harbors negative feelings or animosity towards someone or something, but does not openly express it.

Conclusion

The final part or summing up of an argument, research study, or discussion, often reflecting the results or the main points made.

Freud

Sigmund Freud was an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.