Suppose That Canada Imposes Restrictions on the Importation of Steel

question 30

Multiple Choice

Suppose that Canada imposes restrictions on the importation of steel into Canada.According to the open-economy macroeconomic model,which of the following would be the most likely result?

• A)This policy would lower the real exchange rate and increase net exports.
• B)This policy would lower the real exchange rate and have no effect on net exports.
• C)This policy would raise the real exchange rate and decrease net exports.
• D)This policy would raise the real exchange rate and have no effect on net exports.

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Definitions:

Telecommunications Act

Legislation that regulates the telecommunications industry, aiming to foster competition and reduce regulatory barriers.

Cross Ownership

The ownership of multiple types of media outlets, such as TV and radio stations, newspapers, and magazines, by a single person or corporation.

Concentration

The process by which the number of companies producing and distributing a particular commodity decreases, often through mergers and conglomeration.

Media Power

The influence that media has on public opinion and the shaping of culture, politics, and society.