When the Price Level in the United States Falls Relative

question 239

Multiple Choice

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

• 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:

Assignee

A person or entity to whom rights or interests have been transferred through a legal agreement or contract.

UCC

Stands for Uniform Commercial Code, a comprehensive set of laws governing commercial transactions in the United States.

Assignments

Tasks, duties, or responsibilities allocated to someone, or the transfer of legal rights from one party to another.

Valid Assignment

Legally effective transfer of rights, property, or obligations from one party to another.