Professor Farnsworth said that protectionist trade policies will not increase real net exports. How can this be?

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1. Other countries will retaliate with their own protectionist policies.

2. The real exchange rate will rise which makes imports cheaper for domestic consumers and exports more expensive for foreign consumers.

3. Domestic savings will fall as a result of lower international opportunities.

4. inflation will result which will erase any gains due to increased exports.

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Understanding Business Ethics

ISBN: 9781506303239

3rd Edition

Authors: Peter A. Stanwick, Sarah D. Stanwick

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Posted Date: Dec 30, 2023 08:10 AM

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Professor Farnsworth said that protectionist trade policies will not increase real net exports. How can this be?

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Understanding Business Ethics

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