|
Title: Country A specializes in the production of automobiles, and 45 percent of its population works in ... Post by: nurse15 on Dec 4, 2022 Country A specializes in the production of automobiles, and 45 percent of its population works in the automobile manufacturing industry. A sharp increase in the world prices of automobiles led to a boom in the automobile manufacturing industry in Country A. However, the automobile manufacturers overestimated the demand for automobiles. This led to overproduction, which resulted in a large stock of unsold cars. Which of the following is likely to happen in the near future?
▸ Household consumption in Country A will increase. ▸ The unemployment rate in Country A will increase. ▸ The supply of credit in Country A will increase. ▸ Investment in Country A will increase. Title: Country A specializes in the production of automobiles, and 45 percent of its population works in ... Post by: channy40 on Dec 4, 2022 Content hidden
|