Restrictions on Imports

question 163

Multiple Choice

Restrictions on imports

• A) eventually reduce exports, too.
• B) enhance economic welfare by encouraging more exports.
• C) are the quickest way for a country in recession to start on a path of economic recovery.
• D) usually have no long-run effects on an economy.

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Definitions:

Marketing

The business process of creating relationships with and satisfying customers through a value exchange.

Quota Sampling

A sampling method that involves gathering representative data from a group, ensuring that subgroups (quotas) are represented proportionally to their presence in the population.

Respondents

Individuals who answer or reply to questions, especially in the context of surveys or research.

Generations

Groups of individuals categorically divided based on their birth years, sharing similar social, cultural, political, and economic influences.