Asked by
sunee tubtim
on Nov 16, 2024
Verified
If policymakers impose import restrictions on clothing, the U.S. trade deficit will shrink.
Import Restrictions
Measures imposed by a government to control the quantity of goods coming into a country, often to protect domestic industries.
Trade Deficit
An excess of imports over exports.
- Investigate the long-lasting effects of trade policies, notably import quotas, on net exports and indicators of economic performance.
Verified Answer
HT
Learning Objectives
- Investigate the long-lasting effects of trade policies, notably import quotas, on net exports and indicators of economic performance.