Suppose That Canada Imposes an Import Quota on Automobiles

question 46

Multiple Choice

Suppose that Canada imposes an import quota on automobiles. In the open-economy macroeconomic model, this quota would shift which of the following curves?

• A)supply of loanable funds left
• B)demand for loanable funds left
• C)demand for Canadian dollars right
• D)supply of Canadian dollars left

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Definitions:

Dress

A piece of clothing for women or girls that covers the body and extends down over the legs.

Identification

in psychology, the process whereby an individual assimilates an aspect, property, or attribute of another and is transformed, wholly or partially, by the model the other provides.

Sex-Role Identity

An individual's identification with the cultural expectations and roles associated with their biological sex.

Early Childhood

A critical period in human development spanning from birth to around 8 years old, where fundamental physical, cognitive, emotional, and social development occurs.