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If Tariffs Are Decreased, the Long-Run Effect Is Most Likely

Question 30

Multiple Choice

If tariffs are decreased, the long-run effect is most likely to be


A) a decrease in both U.S. imports and exports.
B) an increase in both U.S. imports and exports.
C) a decrease in U.S. imports and an increase in U.S. exports.
D) an increase in U.S. imports and a decrease in U.S. exports.

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