According to the Open-Economy Macroeconomic Model,import Quotas Increase Which of the Following

question 162

Multiple Choice

According to the open-economy macroeconomic model,import quotas increase which of the following

• A)net exports and net capital outflow
• B)net exports but not net capital outflow.
• C)net capital outflow but not net exports.
• D)neither net exports nor net capital outflow.

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Definitions:

Functionalism

A framework in psychology that emphasizes the purpose of mind and behavior in adapting to the environment.

Introspection

The examination or observation of one's own mental and emotional processes.

Full Potential

Describes the highest level of performance or development that an individual, group, or object can achieve with its innate and developed capabilities.

Aspiration

A strong desire, longing, or aim; ambition towards achieving something.