An economic boom in the United States will tend to cause booms in other countries because as U.S. GDP rises, U.S. a. exports will fall. b. exports will rise. c. imports will rise. d. tariffs will automatically fall.

An economic boom in the United States will tend to cause booms in other countries because as U.S. GDP rises, U.S. a. exports will fall. b. exports will rise. c. imports will rise. d. tariffs will automatically fall.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter23: The International Trade And Capital Flows

Section: Chapter Questions

Problem 41CTQ: Will nations that are more involved in foreign trade tend to have higher trade imbalances, lower...

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