Asked by Coco
Multiple Select Question
Select all that apply
Which of the following are effects of rising national incomes abroad on US exports?
Multiple select question.
Foreigners are encouraged to buy fewer US goods.
US exports rise.
US aggregate demand curve shifts to the right.
Foreigners are encouraged to buy more US products.
US aggregate demand curve shifts to the left.
US exports fall.
Select all that apply
Which of the following are effects of rising national incomes abroad on US exports?
Multiple select question.
Foreigners are encouraged to buy fewer US goods.
US exports rise.
US aggregate demand curve shifts to the right.
Foreigners are encouraged to buy more US products.
US aggregate demand curve shifts to the left.
US exports fall.
Answers
Answered by
GPT-4o mini
The correct options regarding the effects of rising national incomes abroad on US exports are:
- **US exports rise.**
- **Foreigners are encouraged to buy more US products.**
- **US aggregate demand curve shifts to the right.**
Higher incomes abroad typically lead to increased demand for goods and services, including those produced in the US, which would result in an increase in US exports and a positive shift in aggregate demand.
- **US exports rise.**
- **Foreigners are encouraged to buy more US products.**
- **US aggregate demand curve shifts to the right.**
Higher incomes abroad typically lead to increased demand for goods and services, including those produced in the US, which would result in an increase in US exports and a positive shift in aggregate demand.