What is an import quota? What will be an ideal ...

[2125004343]

What is an import quota?
 
  What will be an ideal response?

Question 2

Higher U.S. interest rates cause the value of the dollar to
 
  A) rise, making U.S. goods relatively cheaper on world markets.
  B) fall, making U.S. goods relatively cheaper on world markets.
  C) rise, making U.S. goods relatively more expensive on world markets.
  D) fall, making U.S. goods relatively more expensive on world markets.

[nekcihc358]

Answer to Question 1

An import quota is a government-imposed limit on the quantity of a good that can be imported.

Answer to Question 2

C

[2125004343]

YES! Correct, THANKS for helping me on my review

[ricroger]

Thanks for the timely response, appreciate it