An Increase in Imports,ceteris Paribus (All Else Equal),indicates

question 114

Multiple Choice

An increase in imports,ceteris paribus (all else equal) ,indicates:

• A) economic weakness.
• B) an increase in net exports.
• C) an increase in unemployment.
• D) a decrease in gross domestic product (GDP).
• E) a decrease in the trade deficit.

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Definitions:

Competitors

Individuals or entities that are in the same industry or market and vying for the same customers or market share.

Robinson-Patman Act

A United States federal law that prohibits anticompetitive practices by producers, specifically price discrimination.

Cost Savings

A reduction in expenses, achieving the same outcomes but at a lower cost.

Federal Trade Commission (FTC)

A federal agency established to prevent anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education.