Both tariffs and quotas lead to a decrease in imports, a decrease ...

[EY67]

Both tariffs and quotas lead to a decrease in imports, a decrease in domestic consumption, and an increase in domestic production.
 
  Indicate whether the statement is true or false

Question 2

When explaining China and India's trade patterns,
 
  A) proximity and GDP explain a significant portion.
  B) many complex factors determine trading partners.
  C) patterns are very different for each country.
  D) exchange rates determine most of the pattern of trade.

[huda]

Answer to Question 1

TRUE

Answer to Question 2

A