To maintain its economic position, Japan has often limited the number of cars or the quantity of farm products that the United States can sell in Japan Japan has imposed these limits to develop ?
Correct answer: B. a favorable balance of trade
- A. an equality of trade position
- B. a favorable balance of trade
- C. a more open market
- D. a belief system
Explanation
Restricting imports can reduce expenditure on foreign goods and support a surplus or more favourable balance of trade. An equality of trade position and a more open market would not be achieved by imposing import limits.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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