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Ans c dif 3 ref 32 3 nat analytic loc international

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ANS:CDIF:3REF:32-3NAT:AnalyticLOC:International trade and financeTOP:Import quotas | Microeconomic effects of import quotasMSC:Applicative76.If the U.S. imposed an import quota on construction equipment, then the sales of U.S. constructionequipment producers woulda.rise and the exports of other U.S. industries would rise.b.rise and the exports of other U.S. industries would fall.c.fall and the exports of other U.S. industries would rise.d.fall and the exports of other U.S. industries would fall.ANS:BDIF:2REF:32-3NAT:AnalyticLOC:International trade and financeTOP:Import quotas | Microeconomic effects of import quotasMSC:Applicative77.Suppose that the U.S. imposed an import quota on beef. Sales of U.S. beef producers woulda.rise and exports of other industries would increase.b.rise and exports of other industries would decline.c.not change, exports of other industries would increase.d.not change, exports of other industries would decline.ANS:BDIF:2REF:32-3NAT:AnalyticLOC:International trade and financeTOP:Import quotas | Microeconomic effects of import quotasMSC:Applicative
Chapter 23 /Measuring a Nation's Income220278.If the U.S. government imposes an import quota on French wine, U.S. net exports willa.increase, the real exchange rate of the dollar will appreciate, and domestic sales of U.S. wine willincrease.b.not change, the real exchange rate of the dollar will appreciate, and domestic sales of U.S. wine willincrease.c.not change, the dollar will depreciate, and domestic sales of U.S. wine will not change.d.None of the above is correct.ANS:BDIF:3REF:32-3NAT:AnalyticLOC:International trade and financeTOP:Microeconomic effects of import quotas | Exchange rateMSC:AnalyticalFigure 32-679.Refer to Figure 32-6. Which of the following shifts show the effects of an import quota?a.shifting the middle supply curve in panel c to the one to its left.b.shifting the demand curve from the right to the left in panel c.c.shifting the demand curve from the left to the right in panel c.d.None of the above is correct.ANS:CDIF:1REF:32-3NAT:AnalyticLOC:International trade and financeTOP:Import quotas | Open-economy macroeconomic modelMSC:Applicative80.Refer to Figure 32-6. If the interest rate were initially atr2and an import quota were imposed, theinterest rate woulda.stay atr2.b.decrease because supply would shift right.c.increase because supply would shift left.d.decrease because demand would shift left.ANS:ADIF:2REF:32-3NAT:AnalyticLOC:International trade and financeTOP:Import quotas | Interest rateMSC:Applicative
Chapter 23 /Measuring a Nation's Income220381.Refer to Figure 32-6. If the economy were initially in equilibrium atr2andE3and the governmentremoved import quotas, the exchange rate woulda.appreciate toE4.

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