If the Canadian Government Imposes an Import Quota on French

question 113

Multiple Choice

If the Canadian government imposes an import quota on French wine, which of the following best predicts the consequences?

• A)Canadian net exports will increase, the real exchange rate will appreciate, and domestic sales of Canadian wine will increase.
• B)Canadian net exports will not change, the real exchange rate will appreciate, and domestic sales of Canadian wine will increase.
• C)Canadian net exports will not change, the real exchange rate will depreciate, and domestic sales of Canadian wine will not change.
• D)Canadian net exports will not change, the real exchange rate will appreciate, and domestic sales of Canadian wine will decrease.

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Definitions:

Cognitive Change

Alterations in thinking, intelligence, and problem-solving as a result of growth, learning, or experience.

Positive Emotional Reaction

A favorable affective response to a stimulus, characterized by feelings such as happiness, joy, or excitement.

Situation Modification

Strategies or actions taken to change an environment or context in order to improve outcomes or resolve issues.

Emotional Impact

The affective influence that various factors, such as work environment or interpersonal relations, have on an individual's emotional state.