MCQOPTIONS
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| 1. |
The international trade effect states that |
| A. | an increase in the price level will lower net exports. |
| B. | an increase in the price level will raise exports. |
| C. | an increase in the price level will raise net exports. |
| D. | an increase in the price level will lower imports |
| Answer» B. an increase in the price level will raise exports. | |