If the U.S.imposed an import quota on furniture,U.S.net exports of furniture
A)and net exports of other U.S.goods and services would rise.
B)would rise but net exports of other goods and services would fall.
C)would fall but net exports of other goods and services would rise.
D)and net exports of other U.S.goods and services would fall.

Question

Quizplus · Accepted Answer

An import quota on furniture would reduce imports, increasing net exports of furniture. However, it could lead to a decrease in net exports of other goods and services due to potential retaliatory measures or shifts in trade balances.

If the USImposed an Import Quota on Furniture,U