Oequals about $700 billion
exceeds $5 trillion
Question 16
1 pts
Assume that the United States places a strict quota on goods imported from Chile and that Chile does not retaliate. Holding other
factors constant, this event should immediately cause the U.S. demand for Chilean pesos to ____ and the value of the peso to _____
increase; increase
increase; decline
decline; decline
decline; increase