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3. If U.S. produced goods become less expensive relative to foreign-produced goods, then imports will and exports will A. decrease; decrease B. increase; increase C.
3. If U.S. produced goods become less expensive relative to foreign-produced goods, then imports will and exports will A. decrease; decrease B. increase; increase C. increase; decrease D. decrease; increase E. decrease; be unaffected
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
