If All Countries Try to Expand Their Exports and Restrict

question 126

Multiple Choice

If all countries try to expand their exports and restrict their imports through the use of export subsidies and import tariffs,the net effect will probably be

• A)a fall in the volume of trade and an increase in the standard of living in each country.
• B)a fall in the volume of trade and a decline in the average living standards in each country.
• C)an increase in the volume of trade but little change in unemployment levels.
• D)no change in the volume of trade but an increase in the overall unemployment rates.
• E)no change in the volume of trade but less unemployment.

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Definitions:

Mass Grave Site

A location where a large number of individuals are buried together, often linked to mass casualties or executions.

Wreck

The destruction of or serious damage to something, or a ship that has sunk or been stranded.

Childhood

The period of life from birth to adolescence, characterized by growth, learning, and development.

Life

The existence of an individual human being or animal, characterized by growth, reproduction, activity, and continual change preceding death.