Tariffs and Trade Wars Cause Net Exports to ________ and Real

question 184

Multiple Choice

Tariffs and trade wars cause net exports to ________ and real GDP to ________.

• A)increase; increase
• B)decrease; increase
• C)increase; decrease
• D)decrease; decrease

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Definitions:

Local Law

Local law refers to regulations, ordinances, and statutes that are enacted by local government entities, such as cities or counties, to govern matters within their jurisdiction.

Bilateral Mistake

A mutual misunderstanding regarding a basic assumption on which a contract is based, potentially rendering the agreement void or voidable.

Rescission

The process of revoking, cancelling, or repealing a contract, returning all parties involved to their positions prior to the agreement.

Opinion

A statement by a court expressing the reasons for its decision in a case.