Suppose That Canada Imposes an Import Quota on Steel

question 92

Multiple Choice

Suppose that Canada imposes an import quota on steel. Which statement best describes the most likely effects of this quota?

• A) The quota would cause the real exchange rate of Canadian dollars to appreciate, but it would not change the real interest rate in Canada.
• B) The quota would cause the real exchange rate of Canadian dollars to appreciate and the real interest rate in Canada to increase.
• C) The quota would cause the real exchange rate of Canadian dollars to depreciate and the real interest rate in Canada to decrease.
• D) The quota would cause the real exchange rate of Canadian dollars to depreciate, but it would not change the real interest rate in Canada.

Relate the pH of a solution to the concentrations of reactants and products in acid-base equilibria.

Understand the impact of reactant and product concentrations on the magnitude of the equilibrium constant.

Interpret how changes in concentration affect the position of equilibrium.

Determine the pH of a solution given the concentration of an acid or base and the equilibrium constant.

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Definitions:

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