When the prices of U.S.-produced goods rise and the price of foreign-produced goods do not change, the result is Select one: a. a decrease in exports. b. an increase in exports. c. a decrease in imports. d. no change in imports or exports
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- e) Suppose a tariff allowed an industry to create 200,000 jobs paying an average of $22,500 per year. Before the tariff consumers bought 3 billion units (60% imported) at a price of $30. After the tariff they bought 2.75 billion units (none imported) at a price of $36. How much did total consumer spending on the good increase and how much per new job?What name is given to the index based on the prices of exported or imported merchandise? a)U.S. Producer PriceIndex b)U.S. Producer TradeIndex c)International PriceIndex d)International TradeIndex# I am guessing, the price of imports will decrease is wrong.
- In 2019, the total U.S. trade with foreign countries was $5.6 trillion. How do U.S exports affect domestic production? In contrast, how do U.S. imports affect domestic production? Explain the consequences of reducing U.S. imports to $0.Shane who is a farmer of a city bought a tractor worth $18,500 from an importer so that the mango orchard he is taking care of would bare more fruits to be exported later. A. Investment B. Consumption C. Import D. Net exportThe tsunamis that hit Japan in 2011 and India and Sri Lanka in 2004 were devastating, and their effects were felt for many years afterward. Natural disasters of this type as well as international events often result in severe disruptions to the supply ofallegations that meat inspectors and politicians had received bribes to overlook improper meat packing practices and allow sales of tainted food. How would the closing of export markets for a country’s beef products together with a fall in domestic sales of beef products and an increase in the domestic equilibrium quantity be reflected in supply-anddemand diagrams of that country’s foreign and domestic markets for beef in the short run?
- What is export,import rate and net export reflecting in terms of GDP of a country? What it indicates when the value is high or low?The dollar–yen exchange rate falls from 100 to80 yen per dollar. At the same time, the price levelin the United States rises from 180 to 200, and theprice level in Japan remains the same. As a result,a. American goods have become more expensiverelative to Japanese goods.b. American goods have become less expensiverelative to Japanese goods.c. the relative price of American and Japanesegoods has not changed.d. both American and Japanese goods have becomerelatively less expensive.-In a market where quantity supplied exceeds quantity demanded, price tends to fall. -Demand for a commodity will increase if sales tax is reduced. -American companies should not offshore manufacturing to foreign countries. -A 10% increase in price of a product may cause a more than 10% decline in sales. which statements are positive and which ones are normative statement? Thanks!
- In 2020, the Venezuelan economy posted that their country’s GDP increased but the level of final products produced is unchanged. There were no new industries there and the same level of output is produced compared to 2019. What can be the explanation for this? a. An increase in import b. An increase in price level c. A decrease in the price level d. And increase in employmentIn the domestic market with no trade, the equilibrium price is _____ and the quantity traded is ____ units a. $90, 1,150 b. $60, 650 c. $60, 1,150 d. $40, 1,800A US resident buys a $25 wine manufactured in Switzerland in 2020. a. Will the US Next Exports in 2020 increase, decrease, or not change? b. Will the US Consumption in 2020 increase, decrease, or not change? c. Will US Investment in 2020 increase, decrease, or not change?
