If the U.S.imposed an import quota on corn,then in the U.S.
A)exports and imports would rise.
B)exports and imports would fall.
C)exports would rise and imports would fall.
D)exports would fall and imports would rise.

Question

Quizplus · Accepted Answer

An import quota on corn would restrict the amount of corn that can be imported, leading to a decrease in imports. This could also lead to a decrease in exports if other countries retaliate or if the U.S. reallocates resources away from export industries.

If the USImposed an Import Quota on Corn,then in the U