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Suppose Canada Imposes an Import Quota on Steel

Question 107

Multiple Choice

Suppose Canada imposes an import quota on steel.Which of the following 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.

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