When a Country Imposes an Import Quota,its Exchange Rate

question 131

Multiple Choice

When a country imposes an import quota,its exchange rate

• A)rises because the supply of dollars in the market for foreign-currency exchange falls.
• B)falls because the supply of dollars in the market for foreign-currency exchange rises.
• C)rises because the demand for dollars in the market for foreign-currency exchange rises.
• D)falls because the demand for dollars in the market for foreign-currency exchange falls.

---

Definitions:

Survey

A research method used to collect data from a predefined group of respondents by asking questions and analyzing their responses.

Cost of Living

The total amount of money needed to cover basic expenses such as housing, food, taxes, and healthcare in a specific place and time.

Residence Halls

These are living facilities within a college or university campus that provide housing to students.

Representative Sample

A subset of a population that accurately reflects the members of the entire population, used in statistical analysis for predicting and understanding broader trends.