If Prices Increase Only in the United States,then

question 32

Multiple Choice

If prices increase only in the United States,then:

• A)U.S.goods become relatively more expensive than goods from other countries.
• B)U.S.goods become relatively less expensive than goods from other countries.
• C)the prices of foreign goods must rise.
• D)None of these is true.

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Definitions:

Stalin

Joseph Stalin was the dictator of the Soviet Union from the late 1920s until his death in 1953, known for his totalitarian regime, the implementation of the Five-Year Plans, the Great Purge, and his role in World War II.

European Union

A political and economic union of 27 European countries that are tied by a single market, common trade policy, and others, aiming for cooperation in various domains.

Economic Powers

Nations or entities that hold significant influence on global economic systems, often through their large economies, financial resources, and strategic trade relationships.

Mao Zedong

A Chinese communist revolutionary and the founding father of the People's Republic of China, serving as its first Chairman.