In the Long Run, Import Quotas Increase Net Exports

question 97

True/False

In the long run, import quotas increase net exports.

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Definitions:

IFRS 9

An International Financial Reporting Standard that addresses the accounting for financial instruments, specifying how an entity should classify and measure financial assets, financial liabilities, and some contracts to buy or sell non-financial items.

Other Comprehensive Income

Income that is not part of net income, including unrealized gains and losses on certain types of investments, which is recorded directly in equity.

Significant Influence

The capacity to exert power over, or sway, the operating and financial policies of another entity without having control over it.

Non-Strategic Investment

An investment made without the intention to influence or control the operation or management of the invested entity.