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4. Assume a country that was open to free trade imported 1000 cars per day at a world price of $10.000 per car. Assume the
4. Assume a country that was open to free trade imported 1000 cars per day at a world price of $10.000 per car. Assume the domestic price is $12,000. If the country decides to limit the quantity of cars imported per day to 700 maximum, this is an example of [ Select ] . and if the government decides to place a tax of $1,500 per imported car only, this is an example of [ Select ] 5. If the US dollar increases in value relative to another currency, it is called [ Select ] of the US dollar. 6: If the US dollar decreases in value relative to another currency, it is called [ Select ] of the US dollar. 7. The account that measures the amount of goods & services imported and exported, as well as net transfer payments and net investment flows is called the [ Select ] 8. The account that measures the international exchange of assets (including cash & currency) is called the [ Select ] 9. If a country wants to keep the value of their currency equal to the value of another country's
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