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.
Correct Answer:

Verified
Correct Answer:
Verified
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