An economist discussing trade policy in the new republic wrote: "one of the benefits of the united states removing its trade restrictions [is] the gain to u. s. industries that produce goods for export. export industries would find it easier to sell their goods abroad—even if other countries didn’t follow our example and reduce their trade barriers."
which of the following statements is true about the effect of a reduction in restrictions of imports? check all that apply.
-exports will increase.
-the real exchange rate will remain unchanged.
-imports will increase.
-net exports at any given real exchange rate will increase.
-the demand curve for dollars will shift to the left.
-the equilibrium level of net exports will remain unchanged
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An economist discussing trade policy in the new republic wrote: "one of the benefits of the united...
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