Protectionist Policies Implemented in a Small Open Economy with a Trade

question 48

Multiple Choice

Protectionist policies implemented in a small open economy with a trade deficit have the effect of ______ the trade deficit and ______ the quantity of imports and exports.

• A) decreasing; decreasing
• B) not changing; decreasing
• C) decreasing; not changing
• D) not changing; not changing

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Definitions:

Employers

Individuals or organizations that hire and pay people to work for them, typically in exchange for their labor or professional services.

Employment Selection

The process of assessing and choosing from among job applicants to decide who should be hired for a vacant position.

Pencil-and-paper Tests

Traditional forms of assessment used to evaluate an individual's knowledge, skills, or psychological state, requiring written responses on paper.

EEO Guidelines

Standards and regulations established to ensure equal employment opportunities without discrimination on the basis of race, color, religion, sex, or national origin.