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Politicians Often Argue for Tariff Increases in Order to Reduce

Question 29

Multiple Choice

Politicians often argue for tariff increases in order to reduce the nation's dependence on imports. If tariffs are increased, the long-run effect is most likely to be:


A) an increase in American imports, and a decrease in American exports.
B) an decrease in American imports, and an increase in American exports.
C) an increase in both American imports and exports.
D) a decrease in both American imports and exports.

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