A US Trade Policy That Restricts the Sale of Foreign Goods

question 146

Multiple Choice

A U.S. trade policy that restricts the sale of foreign goods in the U.S. market will

• A) reduce the demand for U.S. export goods since foreigners will be less able to buy our goods if they cannot sell to us.
• B) benefit producers in industries that export goods.
• C) increase the nation's income since it protects domestic jobs.
• D) enhance economic efficiency by allocating more resources to the areas of their greatest comparative advantage.

---

Definitions:

U.S. Dollar

The official money of the United States, commonly utilized as a standard and reserve financial instrument globally.

Imports

refer to goods or services purchased from other countries, which are brought into a country to meet domestic demand or for further processing.

Exports

Goods or services produced in one country and sold to buyers in another, contributing to a nation's gross domestic product.

United States

A country in North America comprising 50 states and a federal district, known for its significant global economic and political influence.