20. Hyundai was manufacturing cars in South Korea that were exported to the United States, but now has a car manufacturing plant in the United States. Assuming that Hyundai's sales in the United States remain the same, and the cars from their new U.S. plant are all sold in the United States, then producing more Hyundais in the United States would: decrease imports to the United States. increase U.S. exports, O decrease U.S. exports. O increase imports to the United 5tates.

20. Hyundai was manufacturing cars in South Korea that were exported to the United States, but now has a car manufacturing plant in the United States. Assuming that Hyundai's sales in the United States remain the same, and the cars from their new U.S. plant are all sold in the United States, then producing more Hyundais in the United States would: decrease imports to the United States. increase U.S. exports, O decrease U.S. exports. O increase imports to the United 5tates.

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter9: Application: International Trade

Section: Chapter Questions

Problem 2PA

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