Multiple Choice
Figure 19-1
-Refer to Figure 19-1.Which of the following would cause the change depicted in the figure above?
A) U.S.productivity rises relative to European productivity.
B) Europeans decrease their preferences for U.S.goods relative to European goods.
C) The European Union increases its quotas on U.S.-produced wine.
D) an increase in the price level of U.S.goods relative to European goods
Correct Answer:

Verified
Correct Answer:
Verified
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