If the USImposed an Import Quota on Furniture,U

question 8

Multiple Choice

If the U.S.imposed an import quota on furniture,U.S.net exports of furniture

• A)and net exports of other U.S.goods and services would rise.
• B)would rise but net exports of other goods and services would fall.
• C)would fall but net exports of other goods and services would rise.
• D)and net exports of other U.S.goods and services would fall.

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Definitions:

Sales Tax

A tax imposed on sales of goods and services, usually calculated as a percentage of the price paid by the consumer.

Distribution

The process of making a product or service available for use or consumption by a consumer or business, involving logistics, supply chain, and marketing strategies.

Political Science

The academic discipline that studies governments, political processes, political behavior, and political policies.

Politics

The activities associated with the governance of a country or area, especially the debate between parties having power.