When a Country Imposes an Import Quota,its

question 67

Multiple Choice

When a country imposes an import quota,its

• A)imports fall and its net exports rise.
• B)imports fall and its net exports are unchanged.
• C)imports rise and its net exports are unchanged.
• D)imports and exports are unchanged.

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Definitions:

Underlying Principle

The basic foundational idea or assumption that forms the basis for a system, theory, or policy.

Self-Fulfilling Prophecy

What occurs when a person acts in ways that confirm another’s expectations.

Different Assumptions

The varying underlying beliefs or ideas that individuals or groups hold, which can influence perceptions, decisions, and behaviors in diverse contexts.

Hawthorne Studies

A series of experiments conducted in the 1920s and 1930s that revealed the importance of social relations and worker satisfaction in the workplace.