If a country removed an import quota on cotton, then overall that country's

a. exports and imports would rise.
b. exports would rise and imports would fall.
c. exports would fall and imports would rise.
d. exports and imports would fall.

a

Economics

You might also like to view...

A price ________ is a regulated ________ that must be set below the equilibrium price to have an effect

A) floor; price B) floor; quantity C) ceiling; price D) ceiling; quantity

Economics

Economic theory is necessary and extremely important because of its relationship to economic policy

a. True b. False Indicate whether the statement is true or false

Economics