The figure above shows the net change, as a percentage, for U.S. import and export prices from January to July 2014 as reported by the Bureau of Labor Statistics. For example, U.S. import prices declined 0.2 percent in July while export prices remained unchanged for that month. Based on this information, which of the following statements is true for the time period shown in the figure?
A. On average, export prices increased more than import prices.
B. Import prices showed an increase more often than export prices.
C. Import prices showed the greatest change between two consecutive months.
D. From January to July, import prices showed a greater overall decrease than export prices.
Answer:B
The figure above shows the net change, as a percentage, for U.S. import and export prices from January to July 2014 as reported by the Bureau of Labor Statistics. For example, U.S. import prices declined 0.2 percent in July while export prices remained unchanged for that month. Based on this information, which of the following statements is true for the time period shown in the figure?
A. On average, export prices increased more than import prices. B. Import prices showed an increase more often than export prices. C. Import prices showed the greatest change between two consecutive months. D. From January to July, import prices showed a greater overall decrease than export prices.
Explanation: B