According to the Open-Economy Macroeconomic Model,import Quotas Increase Which of the Following

question 162

Multiple Choice

According to the open-economy macroeconomic model,import quotas increase which of the following

• A)net exports and net capital outflow
• B)net exports but not net capital outflow.
• C)net capital outflow but not net exports.
• D)neither net exports nor net capital outflow.

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Definitions:

Intellectual Property

Legal rights that protect creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images.

Intangible Property

Assets that do not have a physical presence but possess value, such as intellectual property, brand recognition, and copyrights.

Real Property

Refers to immovable property such as land and anything permanently attached to the land, like buildings.

Personal Property

Things of value that you own (such as a car or laptop).