An Increase in the U.S.price Level,other Things Constant,would

question 140

Multiple Choice

An increase in the U.S.price level,other things constant,would

• A)increase U.S.exports and decrease U.S.imports
• B)increase U.S.exports and leave U.S.imports unchanged
• C)decrease U.S.exports and increase U.S.imports
• D)decrease U.S.exports and leave U.S.imports unchanged
• E)leave both U.S.exports and U.S.imports unchanged

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Definitions:

Environmental Impact Statement

A detailed document required by law that outlines the effects of a proposed project or development on the environment.

Polluter and User Pay

A principle stating that those who produce pollution or use resources should bear the costs of managing it to prevent environmental degradation.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization to fund various public expenditures.

Environmental Impact Statement

An Environmental Impact Statement (EIS) is a document prepared to describe the positive and negative effects of proposed projects on the environment.