The Imposition of an Import Quota Shifts

question 130

Multiple Choice

The imposition of an import quota shifts

• A)the supply of currency right,so the exchange rate falls.
• B)the supply of currency left,so the exchange rate rises.
• C)the demand for currency right,so the exchange rate rises.
• D)the demand for currency left,so the exchange rate falls.

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Definitions:

November

The eleventh month of the year in the Gregorian calendar.

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company; includes the cost of materials and labor directly used to create the product.

Production

The act of producing products and offerings.

Finished Goods

Products that have completed the manufacturing process but have not yet been sold or distributed to customers.