If USConsumers Increase Their Demand for Apples from New Zealand,then Other

question 178

Multiple Choice

If U.S.consumers increase their demand for apples from New Zealand,then other things the same New Zealand's

• A)imports and net exports rise.
• B)imports rise and net exports fall.
• C)exports and net exports rise.
• D)exports rise and net exports fall.

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Definitions:

Productivity Growth Rates

The rate at which the efficiency of production of goods and services increases over time, leading to more output per unit of input.

Employment Growth

An increase in the number of people employed in an economy, indicating a growing workforce.

Output Per Capita

A measure of a country's economic output that accounts for its population, often used to compare economic productivity and living standards across different nations.

Standard of Living

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or a certain geographic area.