When income increases, expenditure on imports tend to increase. Which of the following best describes this relationship? Select one: a. A positive relationship. b. A negative relationship. c. An inverse relationship.

When income increases, expenditure on imports tend to increase. Which of the following best describes this relationship? Select one: a. A positive relationship. b. A negative relationship. c. An inverse relationship.

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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When income increases, expenditure on imports tend to increase. Which of the following best describes this relationship?

Select one:

A positive relationship.

A negative relationship.

An inverse relationship.

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