Which of the Following Is Expected to Happen If Import

question 32

Multiple Choice

Which of the following is expected to happen if import restrictions are removed for a particular industry?

• A)​Supply will increase
• B)​Supply curve will shift to the left
• C)​Demand curve will shift to the left
• D)​Prices will increase

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Definitions:

Motivation

The psychological processes that arouse, direct, and maintain human behavior towards attaining some goal.

Social Capital

The networks, relationships, and norms that contribute to societal cooperation and collective well-being.

Social Media Outreach

The practice of using social media platforms to communicate with and engage the audience, often for the purpose of marketing, customer service, or public relations.

Goodwill

An intangible asset reflecting the value of a business entity's reputation, brand, and customer relations that exceed the fair market value of its tangible assets.