In the Long Run, Import Quotas Increase Net Exports

question 97

True/False

In the long run, import quotas increase net exports.

---

Definitions:

Libertarians

Individuals who advocate for minimal government intervention in personal lives and emphasize individual freedom and autonomy.

Reasoning Processes

Cognitive operations used in thinking, understanding, and forming judgments or conclusions from premises or evidence.

Cognitive Dissonance Theory

A theory which suggests that individuals experience discomfort, termed dissonance, when holding two or more conflicting cognitions, leading them to change their attitudes, beliefs, or behaviors.

Dating Service

A business or platform that facilitates introductions between individuals for the purpose of finding romantic partners.