Other things being equal, an increase in trade restrictions on imports will:
A. increase the demand for foreign currency, causing it to appreciate.
B. increase the demand for foreign currency, causing it to depreciate.
C. reduce the demand for foreign currency, causing it to depreciate.
D. reduce the demand for foreign currency, causing it to appreciate.
Answer: C
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The Grangers, an agrarian society, would most likely support which policy?
In October of 20142, the interest rate on money market accounts was about 0.2 percent. In 2007, the interest rate on money market accounts was about 4.0 percent
What has been the impact on the demand for money curve from this fall in the interest rate? A) the money demand curve shifted to the right B) the money demand curve shifted to the left C) there was a downward movement along the demand for money curve D) there was an upward movement along the demand for money curve
At prices above the equilibrium price, what occurs?
What will be an ideal response?
Refer to Figure 9.7. Before the policy was implemented, producer surplus was
A) $30. B) $60. C) $45,000. D) $90,000. E) $180,000.