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:

Allies

Countries or entities that join forces or cooperate for a common purpose, often referring to the allied countries against the Axis Powers during World War II.

Norman Rockwell

An iconic 20th-century American painter and illustrator known for his depictions of everyday life in the United States, capturing the spirit and culture of the nation.

Saturday Evening Post

An American magazine that historically featured literature, journalism, and illustrations, known for its broad appeal and contributions to American culture and its iconic covers.

Essential Human Freedoms

Fundamental rights considered to be the inherent entitlements of all human beings, such as freedom of speech, religion, and equality before the law.