QUESTION 3 (20 points) Exchange controls used by a country's government to maintain an overvalued exchange rate result in considerable costs to the country. Explain the situation with a diagram and use it to show the deadweight loss. Describe the role that bribery and parallel markets can play in economies with exchange controls. QUESTION 3 (20 points) Exchange controls used by a country's government to maintain an overvalued exchange rate result in considerable costs to the country. Explain the situation with a diagram and use it to show the deadweight loss. Describe the role that bribery and parallel markets can play in economies with exchange controls