Solving finance question, Suppose that the United State

Solving finance question

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Reference no: EM1365060

Assume that the U.S. 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

Reference no: EM1365060

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