When the Relative Prices of American-Made Goods Go Down,the Result

question 54

Multiple Choice

When the relative prices of American-made goods go down,the result is

• A)a decrease in the exports of Canadian-made goods.
• B)a decrease in exports of Canadian-made goods.
• C)an increase in imports of Canadian-made goods.
• D)no net change in imports or exports of Canadian-made goods.

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Definitions:

Cincinnati Insurance Company

The Cincinnati Insurance Company is a US-based insurance provider that offers a range of insurance products, including life, business, and property and casualty insurance.

Liability

A legal responsibility or obligation.

Good Faith

A fundamental principle in contract law that requires all parties to act honestly and fairly without taking unfair advantage of others.

Expedited Funds Availability Act

A U.S. federal law that regulates how quickly banks must make deposited funds available to depositors.