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The Republic of Gizmovia wants to maintain the exchange rate of its currency,the gizmo,at $0.50,but the current exchange rate for the gizmo is $0.75.
-(Scenario: Gizmovia II)Refer to Scenario: Gizmovia II.If Gizmovia uses foreign exchange controls,it should require licences to _____ gizmos and _____ dollars.

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Gizmovia wants to maintain the exchange rate of its currency, the gizmo, at $0.50, but the current exchange rate for the gizmo is $0.75. If Gizmovia uses foreign exchange controls, it should require licenses to buy gizmos and sell dollars. This will help to reduce the demand for gizmos and increase the demand for dollars, which will help to bring the exchange rate down to $0.50.

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