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Scenario 32-3 ​

Question 87

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Scenario 32-3

Concerns raised about the declining U.S. shoe industry and unfair labor practices in foreign shoe factories lead the Congress and President to impose a quota on shoe imports.
-Refer to Scenario 32-3. Overall as a result of this change in policy, what happens to exports, imports, and net exports?

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Exports and imports ...

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