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What does an expenditure-switching policy do to the composition of spending?

A

Spending falls on both imports and domestically produced goods.

B

Spending switches from domestically produced goods towards imports.

C

Spending switches from imports towards domestically produced goods.

D

Spending switches from consumption towards investment.

Card 1 of 20

11.1.3 difference between expenditure-switching and expenditure-reducing policies Flashcards

  1. Intl A Level
  2. /Economics
  3. /11.1.3 difference between expenditure-switching and expenditure-reducing policies

20 flashcards on CIE Intl A Level Economics 11.1.3 difference between expenditure-switching and expenditure-reducing policies: the key terms and definitions you need to recall.

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