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Figure 30-1 -Refer to Figure 30-1. Which of the Following Would Cause

Question 260

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Figure 30-1 Figure 30-1   -Refer to Figure 30-1. Which of the following would cause the change depicted in the figure above? A)  U.S. productivity falls relative to European productivity. B)  Americans increase their preferences for goods produced in the EU relative to American goods. C)  The European Union increases its quotas on Italian wine. D)  The price level of goods produced in the EU decreases relative to the price level of goods produced in the United States.
-Refer to Figure 30-1. Which of the following would cause the change depicted in the figure above?


A) U.S. productivity falls relative to European productivity.
B) Americans increase their preferences for goods produced in the EU relative to American goods.
C) The European Union increases its quotas on Italian wine.
D) The price level of goods produced in the EU decreases relative to the price level of goods produced in the United States.

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