Multiple Choice
What are some of the economic effects of a tariff?
A) Wealth is redistributed from wealthy nations to poor nations,and taxes fall.
B) Unemployment and inflation rates both fall.
C) A decrease in trade reduces the productivity of capital and labor.
D) Trade remains the same in the long run,and GDP rises in the nation that enacts the tariff.
Correct Answer:
Verified
Correct Answer:
Verified
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