Which of the Following Statements About Trade Policy Is True

question 21

Multiple Choice

Which of the following statements about trade policy is true?

• A) A country's trade policy has no impact on the size of its trade balance.
• B) None of these answers.
• C) A restrictive import quota decreases a country's net exports.
• D) A restrictive import quota increases a country's net exports.

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Definitions:

Lloyd Bentsen

An American politician who served as a United States Senator from Texas and was the Democratic Party's nominee for Vice President in 1988.

Michael Dukakis

An American politician who served as the Governor of Massachusetts and was the Democratic presidential nominee in 1988.

Americans with Disabilities Act

A civil rights law that prohibits discrimination against individuals with disabilities in all areas of public life, including jobs, schools, transportation, and all public and private places that are open to the general public.

Civil Rights Reforms

Legislative and societal changes aimed at eliminating racial discrimination and advancing equal rights for all citizens, particularly those concerning voting rights, education, and employment.