D Question 3 1 pts Trade restrictions such as tariffs and quotas are like a blockade that a nation imposes on its own people." Is this statement true? Uncertain, the statement is true if the gains of the residents exceed those of foreigners; otherwise it is false. No, trade restrictions will help the residents of a nation achieve a higher income level: a blockade will not. . No, a blockade will help the residents of a nation achieve a higher income level: trade restrictions will not. Yes, both the trade restrictions and a blockade will reduce the gains from specialization and trade. D Question 4 1 pts If higher tariffs and more restrictive quotas reduced the imports of the United States, U.S, employment would increase. O U.S, exports would also increase because foreigners would want to buy more from U.S. producers, O U.S. exports would decline because foreigners would be earning fewer of the dollars needed to purchase goods and sendices from Americans, unemployment in the United States would dedine