assuming the inflation rate rises, give one implication that this increased inflation rate would have on the import cost of crea

Question

SpyIntel [72]

2 years ago

5

assuming the inflation rate rises, give one implication that this increased inflation rate would have on the import cost of crea

tive stamps and craft pens of China.

English

1 answer:

leonid [27] · Answer 1 · 2024-02-15T08:44:26+03:00

If there is rising inflation, the consequence that could occur is that the imports of creative stamps would be more expensive.

With this in mind, we can see the import cost of creative stamps and craft pens in China would have a direct impact if there is increasing inflation in the economy.

<h3>What is Inflation?</h3>

This refers to the general increase in the prices of goods and services in an economy.

Hence, we can see that if If there is rising inflation, the consequence that could occur is that the imports of creative stamps would be more expensive.

With this in mind, we can see the import cost of creative stamps and craft pens in China would have a direct impact if there is increasing inflation in the economy.