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:

Rural Electrification Agency

Was a U.S. government agency established in 1935 to bring electricity to rural areas, profoundly impacting agricultural productivity and the quality of rural life.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, manifesting as an attraction or repulsion between those particles.

Fireside Chats

A series of evening radio addresses given by U.S. President Franklin D. Roosevelt between 1933 and 1944 to communicate directly with the American people about issues and policies.