Good A is a Giffen good. If the price of good A were to suddenly double, the income effect would cause the purchases of good A to increase by Group of answer choices less than double. exactly double. Any of the other options are possible. more than double.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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