Applying quotas on imports is a policy that would be followed by a __________.Question 2 options:A) bureaucracyB) conspiratorC) free-market capitalistD) protectionist stateQuestion 3 (2 points)The balance of trade is the value of a state’s imports relative to its __________.Question 3 options:A) budget balanceB) trade statusC) exchange rateD
30 multiple choice questions 5-1 Quiz: Chapter Eight Question 1 (2 points)Proponents of a positive balance of trade believe it is essential to a state because it is a significantsource…