Multiple Choice
If the U.S. government imposes an import quota on beef, U.S. net exports will
A) increase, the real exchange rate of the dollar will appreciate, and domestic sales of U.S. beef will increase.
B) increase, the real exchange rate of the dollar will depreciate, and domestic sales of U.S. beef will not change
C) not change, the real exchange rate of the dollar will appreciate, and domestic sales of U.S. beef will increase.
D) not change, the real exchange rate of the dollar will depreciate, and domestic sales of U.S. beef will not change.
Correct Answer:
Verified
Correct Answer:
Verified
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