The exchange rate of a currency will increase if the quantity demanded exceeds quantity supplied at the current exchange rate. True or false?? One difference between a tariff and a quota is that the tariff brings in revenue to the government while the quota benefits the foreign producer who is lucky enough to receive an import license. True or false Import quotas contribute to higher prices of products imported into the U.S., but tariffs do not. True or false? When a country allows trade and becomes an importer of goods, producers gain more than consumers lose. True or false? If two countries produce both wheat and sugar and one country has the comparative advantage in producing wheat then the other country must have the comparative advantage producing sugar. True or false? It is possible for the dollar to appreciate against the Japanese yen while depreciating against the British pound. True or false? A country has an absolute advantage over another if it can produce a good with fewer resources. True or false? An exchange rate is the price of one currency in terms of a second currency. True or false? If interest rates rise in Canada relative to those in the rest of the world, the exchange value of the dollar will tend to appreciate. True or false? A country with relatively abundant supplies of labor is unlikely to have a comparative advantage in the production of labor intensive goods. True or false