Protectionism may reduce imports, and it will also
a. appreciate the dollar, reducing exports.
b. appreciate the dollar, increasing exports.
c. depreciate the dollar, increasing exports.
d. depreciate the dollar, reducing exports.
a
You might also like to view...
In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month. The loss of producer surplus
A) is smaller than the gain in consumer surplus. B) is larger than the gain in consumer surplus. C) is the same size as the gain in consumer surplus. D) could be smaller than, larger than, or the same size as the gain in consumer surplus.
Refer to the diagram for a specific economy. An increase in aggregate demand will:
A. shift this curve to the right.
B. shift this curve to the left.
C. move this economy down and to the right along the curve.
D. move this economy up and to the left along the curve.