Solved

Suppose Canada Imposes an Import Quota on Wine

Question 180

Multiple Choice

Suppose Canada imposes an import quota on wine.Which statement best describes the most likely effects of this quota?


A) Canadian exports increase,and the dollar appreciates.
B) Canadian exports increase,and the dollar depreciates.
C) Canadian exports decrease,and the dollar appreciates.
D) Canadian exports decrease,and the dollar depreciates.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions