Which of the Following Best Describes How the International Trade

question 177

Multiple Choice

Which of the following best describes how the international trade effect works?

• A) The price level in the U.S.falls relative to foreign price levels,U.S.goods become relatively less expensive than foreign goods,and both Americans and foreigners buy more U.S.goods.
• B) The price level in the U.S.falls relative to foreign price levels,U.S.goods become relatively more expensive than foreign goods,and both Americans and foreigners buy more U.S.goods.
• C) The price level in the U.S.rises relative to foreign price levels,U.S.goods become relatively more expensive than foreign goods,and both Americans and foreigners buy fewer U.S.goods.
• D) The price level in the U.S.rises relative to foreign price levels,U.S.goods become relatively more expensive than foreign goods,and both Americans and foreigners buy more U.S.goods.
• E) a and c

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Definitions:

Random Assignment

A technique for assigning human participants or animal subjects to different groups in an experiment using randomization, which ensures that each participant or subject has an equal chance of being placed in any group.

Experimental Group

In research, the group of participants exposed to the variable or condition being tested to observe its effects.

Random Assignment

A method in experimental design where participants are allocated to different groups or conditions by chance, minimizing biases.

Blind Observations

An experimental technique where the observers or experimenters do not know the specific conditions being applied to the subjects, to reduce bias.