When spending and incomes in an economy increase, imports are likely to increase. imports are likely to be unchanged. exports ar

Question

Sedbober [7]

2 years ago

7

When spending and incomes in an economy increase, imports are likely to increase. imports are likely to be unchanged. exports ar

e likely to decrease. imports are likely to decrease. Flag this Question

Social Studies

1 answer:

borishaifa [10] · Answer 1 · 2022-05-02T17:50:01+03:00

Answer:

imports are likely to increase

Explanation:

If an economy experiences an increase in income and expenditure, it means that the economy is undergoing a process of economic warming, that is, a time of rising consumption. In an open capitalist economy, consumption consists in the purchase of domestic or imported goods. Therefore, increased incomes and expenses will increase the importation of products.