It Is Sometimes Contended That by Imposing Import Controls a Country

question 54

Multiple Choice

It is sometimes contended that by imposing import controls a country might be able to increase its exports.This contention is premised on ________.

• A)the country's simultaneous currency depreciation, which decreases the price of its exports
• B)using the import taxes to institute efficiency measures in potential export industries
• C)raising domestic prices in one industry so that the excess domestic profits in that industry can compensate for the cost of dumping products from another industry into foreign markets
• D)getting other countries to maintain or relax their current import restrictions instead of escalating restrictions in a trade war

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Definitions:

Parasympathetic

Part of the autonomic nervous system responsible for conserving energy and slowing down the heart rate.

Sympathetic

Relating to the part of the autonomic nervous system that prepares the body for action and stress, known as the fight or flight response.

Sympathetic Fibers

Nerve fibers of the sympathetic nervous system that act to increase heart rate, constrict blood vessels, and raise blood pressure.

Cardiac Plexus

A complex network of nerves located near the heart, responsible for regulating the heart's rate and force of contraction.