Asked by
Nejla Karalic
on Dec 12, 2024
Verified
If the United States imposes an import quota on clothing, U.S. imports
A) increase, exports increase, and U.S. net exports are unchanged.
B) increase, exports decrease, and U.S. net exports increase.
C) decrease, exports increase, and U.S. net exports decrease.
D) decrease, exports decrease, and U.S. net exports are unchanged.
Import Quota
A specific limit or maximum quantity (or value) of a good permitted to be imported into a country during a given period.
U.S. Imports
Goods and services brought into the United States from other countries for sale.
Net Exports
The value of a country's total exports minus the value of its total imports.
- Comprehend the fundamental ideas and debates supporting or opposing globalization and free trade.
- Investigate the effects of global trade on job opportunities and sectors in countries with both high and low wages.
Verified Answer
SG
Learning Objectives
- Comprehend the fundamental ideas and debates supporting or opposing globalization and free trade.
- Investigate the effects of global trade on job opportunities and sectors in countries with both high and low wages.
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