Principles of Economics, 7th Edition

Published by South-Western College
ISBN 10: 128516587X
ISBN 13: 978-1-28516-587-5

Chapter 31 - Part XI - Open-Economy Macroeconomics: Basic Concepts - Problems and Applications - Page 680: 1

Answer

a) U.S. imports would increase, U.S. exports would stay the same, and U.S. net exports would decrease. b) U.S. exports would increase, U.S. imports would stay the same, and U.S. net exports would increase. c) U.S. imports would increase, U.S. exports would stay the same, and U.S. net exports would decrease.

Work Step by Step

d) U.S. exports would increase, U.S. imports would stay the same, and U.S. net exports would increase. e) U.S. exports would increase, U.S. imports would stay the same, and U.S. net exports would increase.
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