Author Question: An import quota taxes an import but does not set a limit on how much may be imported. a. True b. ... (Read 123 times)

SAVANNAHHOOPER23 · **on:** Jul 1, 2018

An import quota taxes an import but does not set a limit on how much may be imported.
a. True
b. False

Question 2

If one dollar is initially equal in value to one euro and demand for euros increases, then each dollar will be worth
a. more than one euro, and European imports will be cheaper in the United States
b. less than one euro, and European imports will be more expensive in the United States
c. more than one euro, and European imports will be more expensive in the United States
d. less than one euro, and European imports will be cheaper in the United States
e. the same as the euro, and there will be no change in the values of imports or exports