At the Original Exchange Rate an Import Quota

question 152

Multiple Choice

At the original exchange rate an import quota

• A)creates a surplus in the market for foreign-currency exchange,so the exchange rate rises.
• B)creates a surplus in the market for foreign-currency exchange,so the exchange rate falls.
• C)creates a shortage in the market for foreign-currency exchange,so the exchange rate rises.
• D)creates a shortage in the market for foreign-currency exchange,so the exchange rate falls.

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