In 2002,the United States Imposed Restrictions on the Importation of Steel

question 47

Multiple Choice

In 2002,the United States imposed restrictions on the importation of steel into the United States.The open-economy macroeconomic model shows that such a policy would

• A)lower the real exchange rate and increase net exports.
• B)lower the real exchange rate and have no effect on net exports.
• C)raise the real exchange rate and decrease net exports.
• D)raise the real exchange rate and have no effect on net exports.

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Definitions:

Ionic Frieze

An Ionic frieze is a continuous horizontal band of sculptured or painted decoration found on the entablature of buildings in the Ionic order of classical architecture.

Parthenon

A former temple on the Athenian Acropolis, Greece, dedicated to the goddess Athena, exemplifying classical Greek architecture and art.

Panathenaic Procession

An ancient Athenian festival celebrating the birthday of the goddess Athena, featuring a grand procession to the Acropolis.

Contrapposto

An art term that describes a human figure standing with most of its weight on one foot so that its shoulders and arms twist off-axis from the hips and legs, giving the body a more dynamic and relaxed appearance.