If the U.S.imposed an import quota on farm machinery,then sales of U.S.farm machinery equipment producers would
A)rise and the exports of other U.S.industries would rise.
B)rise and the exports of other U.S.industries would fall.
C)fall and the exports of other U.S.industries would rise.
D)fall and the exports of other U.S.industries would fall.

Question

Quizplus · Accepted Answer

An import quota on farm machinery would reduce foreign competition, leading to increased sales for U.S. producers. However, it could lead to retaliatory measures from other countries, potentially reducing exports from other U.S. industries.

If the USImposed an Import Quota on Farm Machinery,then Sales of U