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:

Global Integration

The process of international interconnection through the exchange of goods, services, information, and culture.

Homogeneity of Tastes

A market condition where consumers have similar preferences or desires for products and services.

Corporate Culture

The shared values, beliefs, and practices that inform the way people within an organization interact and work.

Global Scale

Operating or considering operations and impacts over large geographic areas, often worldwide.