As a Nation Begins to Export, Its Own Relative Price

question 1

Multiple Choice

As a nation begins to export, its own relative price of exported goods will ______, and as it imports other goods, the relative price of those will ______ , thus ___________ its standard of living.

• A) fall; rise; lowering
• B) rise; fall; lowering
• C) rise; fall; raising
• D) fall; rise; raising

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Definitions:

Racemic

Referring to a mixture of equal amounts of two enantiomers of a chiral molecule.

Hydride Shift

A rearrangement reaction where a hydride ion (H-) moves from one carbon atom to another within a molecule, often observed in carbocation rearrangements.

Iodobutane

An organic compound with the formula C4H9I, characterized as a butane molecule where one hydrogen atom has been replaced by an iodine atom.

Methanol

Methanol, a straightforward alcohol bearing the formula CH3OH, serves multiple purposes such as a solvent, antifreeze, fuel, and a foundational material for producing other chemicals.