If USPrices Increase Relative to the Rest of the World,we Would

question 39

Multiple Choice

If U.S.prices increase relative to the rest of the world,we would expect:

• A)imports and net exports to increase.
• B)exports and net exports to decrease.
• C)imports to increase and net exports to decrease.
• D)exports to decrease and net exports to increase.

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Definitions:

Bar Charts

A graphical representation of data using bars of different lengths to compare values across categories.

Financial Planning

The process of creating strategies for managing financial resources effectively to meet life goals.

Retirement Annuity

A financial product that provides a stream of payments to an individual after retirement, funded through either periodic or lump sum contributions.

IRA

An Individual Retirement Account, a financial tool used in the United States to save for retirement with tax advantages.