If in the Long Run, Imports Are Paid for by Exports

question 153

Multiple Choice

If in the long run, imports are paid for by exports, then

• A) any restriction of imports ultimately reduces exports.
• B) any restriction of imports ultimately expands exports.
• C) any restriction of imports has no impact on exports.
• D) any restriction of exports has no impact on imports.

---

Definitions:

Damages

Monetary compensation awarded by a court to a person who suffers loss or harm due to another's act or omission.

Secondary Meaning

occurs when a descriptive term or phrase used in connection with a product or service becomes closely associated with that product or service in the minds of consumers.

Trademark Misappropriated

Unlawful use of another’s trademark or service mark without permission, leading to confusion or deception.

Company

A legal entity formed by a group of individuals to engage in and operate a business—commercial or industrial—enterprise.