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Which of the Following Would Be the Most Likely Long-Run

Question 29

Multiple Choice

Which of the following would be the most likely long-run effect if the United States increased its tariff rates and adopted stricter import quotas?


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

Correct Answer:

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