When the Price Level in the United States Rises Relative

question 257

Multiple Choice

When the price level in the United States rises relative to the price level of other countries,________ will rise,________ will fall,and ________ will fall.

• A)imports; exports; net exports
• B)exports; imports; net exports
• C)net exports; exports; imports
• D)net exports; imports; exports

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Definitions:

Chapter 11

A section of the United States Bankruptcy Code that permits reorganization under the bankruptcy laws of the United States, primarily for corporations and partnerships.

Impaired

Reduced in quality, value, or function; often used in reference to assets, abilities, or financial conditions.

Plan

A detailed proposal for doing or achieving something, often involving a series of steps or actions.

Bankruptcy Code

The body of federal law that governs the process of bankruptcy in the United States, providing for the resolution of insolvent debts.