The Imposition of an Import Quota Shifts

question 130

Multiple Choice

The imposition of an import quota shifts

• A)the supply of currency right,so the exchange rate falls.
• B)the supply of currency left,so the exchange rate rises.
• C)the demand for currency right,so the exchange rate rises.
• D)the demand for currency left,so the exchange rate falls.

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Definitions:

Productivity

A measure of the efficiency of production, often quantified as the ratio of outputs to inputs in the production process.

Human Capital

The economic value of an individual's skill set and knowledge, considered an asset in the production process.

Physical Capital

Refers to tangible assets used in the production of goods and services, such as machinery, buildings, and tools.

Productivity

The measure of the efficiency of production, often defined as the ratio of output to inputs in the production process.