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
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