If the income in Mexico rises, all else the same, what will happen to the US exports to Mexico? Select the correct answer below: exports will increase O exports will decrease O exports will remain unchanged O it cannot be determined

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter18: Gaining From International Trade
Section: Chapter Questions
Problem 16CQ
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If the income in Mexico rises, all else the same, what will happen to the US exports to Mexico?
Select the correct answer below:
exports will increase
exports will decrease
exports will remain unchanged
it cannot be determined
Transcribed Image Text:If the income in Mexico rises, all else the same, what will happen to the US exports to Mexico? Select the correct answer below: exports will increase exports will decrease exports will remain unchanged it cannot be determined
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