Which of the Following Is the Correct Way to Show

question 212

Multiple Choice

Which of the following is the correct way to show the effects of a newly imposed import quota?

• A)Shift the demand for loanable funds right, the supply of dollars in the market for foreign-currency exchange right, and the demand for dollars left.
• B)Shift the demand for loanable funds right, and the supply of dollars in the market for foreign-currency exchange left.
• C)Shift the demand for dollars in the market for foreign-currency exchange left.
• D)None of the above is correct.

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Definitions:

Basis-of-the-Bargain Requirement

A legal principle emphasizing that a statement must have been a part of the reason a party was induced into a contract for it to be considered as warrantable.

Catalog

A systematic list of items, which may include books, products, or collections, usually with descriptive details.

Caveat Emptor

A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk about the quality of the goods being purchased.

Implied Warranty of Fitness

A legal doctrine that suggests that when a seller knows the specific purpose for which an item is purchased, the item is guaranteed to be fit for that particular purpose.