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.

Exchange rate refers to the amount of domestic currency that required to purchase one unit of…

Answered: An economic boom in the United States…

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 16SCQ: Both the United States and global economies are booming. Will U.S. imports and/or exports increase?

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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.

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