If Europe and Japan Experience Rapid Growth in Their Incomes,other

question 73

Multiple Choice

If Europe and Japan experience rapid growth in their incomes,other things constant,this will cause a(n)

• A)decrease in the exports of the United States.
• B)increase in the exports of the United States.
• C)decrease in the national income of the United States.
• D)decrease in aggregate demand in the United States.

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Definitions:

Express Ratification

The explicit approval or confirmation of a previously unauthorized act.

Age of Majority

The legally defined age at which an individual is recognized as an adult and is fully accountable for his or her actions.

Intends

Plans or aims to carry out a specific action in the future.

Disaffirm

The act of rejecting or voiding a contract or agreement, especially one entered into by a minor or under conditions that make it voidable.