If the U.S.put an import quota on vacuum cleaners,it would
A)raise U.S.net exports of vacuum cleaners and raise net exports of other U.S.goods.
B)raise U.S.net exports of vacuum cleaners and lower net exports of other U.S.goods.
C)lower U.S.net exports of vacuum cleaners and raise net exports of other U.S.goods.
D)lower U.S.net exports of vacuum cleaners and lower net exports of other U.S.goods.

Question

Quizplus · Accepted Answer

An import quota on vacuum cleaners would reduce imports, potentially increasing domestic production and exports of vacuum cleaners. However, it could lead to a stronger dollar, making other U.S. goods more expensive abroad, thus lowering net exports of other goods.

If the USPut an Import Quota on Vacuum Cleaners,it Would