Which of the Following Statements Regarding Imports and Exports Is

question 13

Multiple Choice

Which of the following statements regarding imports and exports is true?

• A)Both imports and exports vary directly with the level of domestic income.
• B)Both imports and exports vary inversely with the level of domestic income.
• C)Imports vary directly with the level of domestic income; exports are independent of the level of domestic income.
• D)Exports vary directly with the level of domestic income; imports are independent of the level of domestic income.
• E)Both imports and exports are independent of the level of domestic income.

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Definitions:

Critical Thinking

The objective analysis and evaluation of an issue in order to form a judgment.

Decision Making

The method of selecting options through recognizing a decision, collecting data, and evaluating different solutions.

Discussion Method

A pedagogical approach that facilitates learning through interactive dialogue and debate among participants.

Dominated

Being controlled or heavily influenced by someone or something, often to a disadvantage.