One Economic Truism Is That Any Nation's Restriction of Imports

question 35

Multiple Choice

One economic truism is that any nation's restriction of imports ultimately leads to

• A)a increase in exports.
• B)a reduction in exports.
• C)an economic upswing.
• D)an increase in GDP.

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Definitions:

Ideological

Relating to or concerned with ideas or ideologies, often in terms of political, social, or economic beliefs.

Norm

A standard or pattern of social behavior that is typical or expected within a specific society or group.

Consumptive Roles

The different behaviors or roles that consumers assume when making purchasing decisions or engaging with products and services.

Rituals

Prescribed practices or ceremonies that are part of a culture or religion, often symbolic in nature.