Everything Else Held Constant,a Shift in Tastes in the U

question 58

Multiple Choice

Everything else held constant,a shift in tastes in the U.S. toward Mexican goods will ________ net exports in the U.S. and cause the quantity of aggregate output demanded to ________ in Mexico.

• A)decrease;rise
• B)decrease;fall
• C)increase;rise
• D)increase;fall

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Definitions:

Price Rise

An increase in the cost or price of goods and services, often indicative of inflation or shifts in supply and demand dynamics.

Original Bundle

A combination of goods or services initially chosen by a consumer before any changes in price or income.

Price Rise

An increase in the cost of goods or services, which can affect purchasing power and economic indicators like inflation.

Original Bundle

A combination of goods and services initially selected by a consumer or economic agent, before considering trades or changes.