Refer to Figure 15.2 for the Following Questions

question 92

Multiple Choice

Refer to Figure 15.2 for the following questions.
Figure 15.2

-Which of the following would cause the change depicted in Figure 15.2? Note that the figure depicts the quantity of euros traded.

• A)Australian productivity falls relative to European productivity.
• B)Australians decrease their preferences for goods produced in the European Union (E
• U)relative to Australian goods.
• C)The EU increases its quotas on Italian wine.
• D)The price level of goods produced in the EU decreases relative to the price level of goods produced in Australia.

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Definitions:

Organic Molecules

Chemical compounds composed primarily of carbon atoms in rings or long chains, to which are attached other atoms such as hydrogen, oxygen, and nitrogen.

Carbon

A chemical element with symbol C, essential to all life, serving as the basic building block for all organic molecules.

Hydrogen

The lightest and most abundant chemical element in the universe, consisting of just one proton and often one electron.

Potassium Hydroxide

A strong base used in industry and research that is highly reactive with acids and capable of causing severe burns.