On the eve of the Civil War, what was the number one export in the U.S.?

If a nation's central bank increased domestic interest rates, the nation's exchange rate would change if the country's exchange rate was a

A) a flexible exchange rate. B) a fixed exchange rate. C) a crawling peg. D) a nominally fixed exchange rate.

Considering that the U.S. places a quota on imports of steel from South Korea, which of the following would NOT likely occur?

A) The price of steel in the United States would increase. B) The quantity of steel produced in the United States would increase or stay the same. C) The demand for steel in the United States will increase. D) The quantity demanded for steel in the United States will decrease.