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

question 67

Multiple Choice

Everything else held constant,a shift in tastes in the U.S. towards American 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:

Vouchers

Certificates or coupons that can be exchanged for goods, services, or discounts, often used in educational and welfare policies.

Compulsory Education

A legal requirement that mandates children to attend school until a certain age or completion of a specific level of education.

Protestant Reformation

A religious movement in the 16th century that led to the creation of Protestantism, challenging the authority and practices of the Roman Catholic Church.

Catholicism

The branch of Christianity led by the Pope in Rome, characterized by its traditions, doctrine, and practice of sacraments.