Multiple Choice
As a result of a tariff on imports,
A) imports will fall, exports will fall, and total output will decline.
B) imports will fall, exports will rise, and total output will decline.
C) imports will rise, exports will fall, and total output will expand.
D) imports will rise, exports will rise, and total output will expand.
Correct Answer:
Verified
Correct Answer:
Verified
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