When a country imposes an import quota, its
a. net exports rise and its real exchange rate appreciates.
b. net exports rise and its real exchange rate depreciates.
c. net exports fall and its real exchange rate depreciates
d. None of the above is correct.
d
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What group tends to benefit from the sugar price supports?
A. Manufacturers of products that use sugar B. Individual consumers of sugar C. Producers of other agricultural products D. Producers of sugar E. All of these responses are correct.
Traditionally, Wall Street investment banks had been organized as ________, but by 2000 they had converted to being ________
A) sole proprietorships; partnerships B) partnerships; sole proprietorships C) corporations; partnerships D) partnerships; publicly-traded companies
Prior to 1995 productivity growth in Europe was ________ in the United States
A) higher than B) lower than C) same as D) None of the above
Which of the following is an example of a near-public good?
a. a highway b. clean air c. a gallon of milk d. pollution e. a ticket to a professional baseball game