Figure 13-2 -Refer to the Figure13-2.If the Interest Rate Was Initially at Was

question 65

Multiple Choice

Figure 13-2
-Refer to the Figure13-2.If the interest rate was initially at r0 and an import quota was imposed,what would happen to the real interest rate?

• A) It would not change because the world interest rate is not affected.
• B) It would decrease because supply would shift right.
• C) It would not change because both supply and demand would shift right.
• D) It would decrease because demand would shift left.

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Definitions:

Relevant Evidence

Information or materials presented in a legal case that is directly related to the matter at hand and can affect the outcome.

Jury

A group of citizens selected to hear evidence in a legal case and make a decision or verdict based on the facts presented.

Emotional Basis

The foundation or motivation for an action or decision rooted in feelings rather than logical reasoning.

Tax Shift

The process by which the economic burden of a tax is transferred from the entity legally responsible for it to another party, typically from sellers to buyers or vice versa.