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which one is the answer ? Professor Farnsworth said that protectionist trade policies will not increase real net exports. How can this be? 1. Other
which one is the answer ? Professor Farnsworth said that protectionist trade policies will not increase real net exports. How can this be? 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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