Asked by
GarrettKat Hamblen
on Nov 16, 2024
Verified
In the long run, import quotas increase net exports.
Import Quotas
Restrictions set by a government on the quantity of goods that can be imported into a country.
Net Exports
The value of a country's total exports minus its total imports, representing the net effect of foreign trade on an economy.
- Evaluate the long-term effects of trade policies, including import quotas, on net exports and economic indicators.
Verified Answer
ML
Learning Objectives
- Evaluate the long-term effects of trade policies, including import quotas, on net exports and economic indicators.