Solved

When Income Increases, Expenditure on Imports Tend to Increase

Question 13

Multiple Choice

When income increases, expenditure on imports tend to increase. Which of the following best describes this relationship?


A) A positive relationship.
B) A negative rel ationship.
C) An inverse relationship.
D) None of these choices are correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions