Question 1If we restrict our imports:A. a greater tariff will be imposed.B. our exports will decline.C. we would have very little support from economists.D. we would definitely solve all our trade problems.Question 2A hollow corporation:A. makes goods abroad and ships them to the United States.B. makes goods in the United States and ships them abroad.C. imports foreign goods and puts its own name on them.D. makes goods in the United States and has them sold abroad under another companys name.Question 3The economics profession nearly unanimously backs:A. a balance of trade deficit.B. budget surpluses.C. budget deficits.D. free trade.Question 4When only a specified amount of a good can be imported into a country during a year that good is subject to a(n):A. subsidy.B. tariff.C. quota.D. export restriction
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