If the government reduces tariffs or quotas on imports, then:
A) real GDP will increase.
B) the real current account balance falls.
C) net domestic investment will fall.
D) all of the above.
Correct Answer:
Verified
Q46: A decrease in the terms of trade:
A)reduces
Q47: If the government reduces tariffs or quotas
Q48: An increase in the terms of trade:
A)raises
Q49: The terms of trade are:
A)(£ per home
Q50: What is the real current account balance?
Q52: If the government imposes or increases tariffs
Q53: If the government imposes or increases tariffs
Q54: Does a government budget deficit lead to
Q55: If the government reduces tariffs or quotas
Q56: If the government reduces tariffs or quotas
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