Which of the following results if the U.S.imposes an import quota on computer components?
A)U.S.exports and U.S.imports both increase
B)U.S.exports increase but U.S.imports are unchanged
C)U.S.imports increase but U.S.exports are unchanged
D)None of the above is correct.

Question

Quizplus · Accepted Answer

An import quota restricts the quantity of goods that can be imported, which typically leads to a decrease in imports, not an increase. Therefore, none of the options correctly describe the effects of an import quota on both U.S. exports and imports.

Which of the Following Results If the U