If the Foreign Income Decrease, Then We Might Expect Net

question 102

Multiple Choice

If the foreign income decrease, then we might expect net export spending to:

• A) increase.
• B) decrease.
• C) remain constant.
• D) there is not enough information to determine what would happen.

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Definitions:

NAFTA

The North American Free Trade Agreement, a trilateral trade bloc in North America created by Canada, Mexico, and the United States.

United States

is a federal republic in North America comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Ordinance

A piece of legislation enacted by a municipal authority covering matters not already covered by federal or state law.

Cost Benefit Analysis

An evaluation process that compares the costs and benefits of a project or decision to determine its viability or worth.