Government trade policies, such as tariffs and quota restrictions on imports,
A) Can eliminate a trade imbalance.
B) Often increase a trade deficit.
C) Have no real effect on the trade balance.
D) Can lower a deficit on current accounts but not on the capital account.

Question

Quizplus · Accepted Answer

The Answer of Government trade policies, such as tariffs and quota restrictions on imports,
A) Can eliminate a trade imbalance.
B) Often increase a trade deficit.
C) Have no real effect on the trade balance.
D) Can lower a deficit on current accounts but not on the capital account.

Government Trade Policies, Such as Tariffs and Quota Restrictions on Imports