The United States placed a limit on the amount of cars that can be imported into the United States. This is an example of

What effect do import restrictions have on prices?

a. They cause prices to rise. b. They cause prices to drop. c. They often cause prices to rise steeply and then drop. d. They usually do not have any lasting effect on price.

Other things the same, if foreigners desire to purchase more U.S. bonds, then the demand for loanable funds shifts left

a. True b. False Indicate whether the statement is true or false