Multiple Choice
If Canada imposes an import quota on clothing, which of the following best predicts the consequences?
A) Canadian exports increase, imports increase, and net exports are unchanged.
B) Canadian exports increase, imports decrease, and net exports increase.
C) Canadian exports decrease, imports increase, and Canadian net exports decrease.
D) Canadian exports decrease, imports decrease, and net exports are unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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