Suppose That the U

question 19

Multiple Choice

Suppose that the U.S.imposes an import quota on automobiles.The quota makes the real exchange rate of U.S.dollars

• A)appreciate but does not change the real interest rate in the United States.
• B)appreciate and the real interest rate in the United States increase.
• C)depreciate and the real interest rate in the United States decrease.
• D)depreciate but does not change the real interest rate in the United States.

---

Definitions:

Homesteads

Parcels of land granted by the government, often under conditions of residence and cultivation.

Andrew Johnson

The 17th President of the United States, who served from 1865 to 1869, known for his efforts in post-Civil War Reconstruction and conflicts with Congress.

Slaveholder

A person who owns slaves, historically involved in the forced labor system where individuals were owned and treated as property.