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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

Correct Answer:

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