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Suppose Canadian impose an import quota on beer. Which statement best describes the most likely effect of this quota? 1. Canadian exports increase and the

Suppose Canadian impose an import quota on beer. Which statement best describes the most likely effect of this quota?

1. Canadian exports increase and the dollar appreciate.

2. Canadian exports decrease and the dollar depreciate.

3. Canadian exports decrease and the dollar appreciate.

4. Canadian exports increase and the dollar depreciate.

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