Question

When the price level in the United States rises relative to the price level of other countries, __________will rise, ________ will fall, and ________ will fall.

Answer 1

When the price level in the United States rises relative to the price level of other countries, imports will rise, exports will fall, and net exports will fall.

Effect of Relative Price Level on Exports and Imports

Imports would increase if the US price level falls relative to other countries' pricing because imported items became cheaper.

Exports in the United States would decrease if the price of goods in the United States increases relative to other countries.

Because import would surpass export, net export which is export minus import would fall.

Learn more about the Effect of Relative Price Level on Exports and Imports here: brainly.com/question/14099857.