a
a rise in expenditure on imports
b
a rise in the level of savings
c
an increase in the consumption of expenditure
d
a rise in the standard of living
Explanation
Correct Option
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SirClassic
3 years ago
A fall in National Output is what necessitates "Foreign Trade". If the goods and services needed by people is not available locally, they will simply import from abroad.
Thus, correct answer is option A:
A. a rise in expenditure on imports
B. a rise in the level of savings
C. an increase in the consumption of expenditure
D. a rise in the standard of living
