It is sometimes contended that by imposing import controls a country might be able to increase its exports. This contention is premised on ________.
A) the country's simultaneous currency depreciation, which decreases the price of its exports
B) using the import taxes to institute efficiency measures in potential export industries
C) raising domestic prices in one industry so that the excess domestic profits in that industry can compensate for the cost of dumping products from another industry into foreign markets
D) getting other countries to maintain or relax their current import restrictions instead of escalating restrictions in a trade war
Answer: D) getting other countries to maintain or relax their current import restrictions instead of escalating restrictions in a trade war
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