Restrictions on Imports

question 163

Multiple Choice

Restrictions on imports

• A) eventually reduce exports, too.
• B) enhance economic welfare by encouraging more exports.
• C) are the quickest way for a country in recession to start on a path of economic recovery.
• D) usually have no long-run effects on an economy.

---

Definitions:

Public Works

Projects and activities financed and undertaken by the government aimed at providing public goods and infrastructure, such as roads, schools, and water systems.

Public Institutions

Organizations established and funded by the government to provide services to the public, such as schools and hospitals.

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s in response to the Great Depression.

1929

The year marked by the Wall Street Crash, leading to the onset of the Great Depression impacting the global economy.