If import restrictions prohibit foreigners from selling various goods and services in the U. S. market,

a. the U. S. will be able to export more goods abroad.

b. foreigners will have fewer U. S. dollars with which to buy U. S. goods and services.

c. the U. S. will be able to produce more output than would otherwise be the case.

d. the domestic producers in the protected industries will supply goods to U. S. consumers at lower prices than would otherwise be the case.

Question

Business

Grease

19 March, 12:57

If import restrictions prohibit foreigners from selling various goods and services in the U. S. market,

a. the U. S. will be able to export more goods abroad.

b. foreigners will have fewer U. S. dollars with which to buy U. S. goods and services.

c. the U. S. will be able to produce more output than would otherwise be the case.

d. the domestic producers in the protected industries will supply goods to U. S. consumers at lower prices than would otherwise be the case.

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Answers (1)

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Kadence Farley · Answer 1

The correct answer is option b.

Explanation:

When foreign producers sell their goods and services in the US market they get US dollars in return. They use these dollars to buy goods and services from the US.

If import restrictions prohibit foreigners from selling various goods and services in the U. S. market, foreigners will have fewer U. S. dollars which they can spend to buy U. S. goods and services. So they will be able to purchase fewer goods and services from the US.