Multiple Choice
Suppose that Canada imposed an import quota on pharmaceutical drugs. Which statement identifies the most likely results?
A) Sales of Canadian pharmaceutical drugs would rise; exports of other industries would increase.
B) Sales of Canadian pharmaceutical drugs would rise; exports of other industries would decline.
C) Sales of Canadian pharmaceutical drugs would not change; exports of other industries would increase.
D) Sales of Canadian pharmaceutical drugs would not change; exports of other industries would decline.
Correct Answer:
Verified
Correct Answer:
Verified
Q123: Explain how the relation between the real
Q124: Which of the following will decrease Canadian
Q125: If a government increases its budget deficit,
Q126: Which statement is consistent with an above-the-equilibrium
Q127: An import quota imposed by Egypt would
Q129: The 1998 default by the Russian government
Q130: When the government increases the government budget
Q131: Suppose the Canadian government imposed import quotas
Q132: Which statement best describes the effects of
Q133: According to the open-economy macroeconomic model, if