A Parallel Downward Shift in the Net Export (NX)function Can

question 84

Multiple Choice

A parallel downward shift in the net export (NX) function can be caused by

• A)an increase in domestic national income.
• B)a decrease in foreign national income.
• C)a decrease in domestic prices.
• D)an increase in the Canadian-dollar price of foreign currency.
• E)a decrease in foreign prices.

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Definitions:

Technological Advances

Refers to improvements and innovations in technology that can enhance productivity, efficiency, and quality of life.

Food Production

The process of cultivating plants and raising livestock for the purpose of providing food for consumption.

Per Capita Incomes

The average income earned per person in a certain area in a specified year.

Agricultural Products

Goods derived from agriculture and farming activities, including crops, livestock, and other raw materials.