Multiple Choice
After the sharp drop in oil prices, the a nation considers enacting a tariff on imported oil.According to proponents, such a tariff would do all of the following except
A) help reduce the federal budget deficit.
B) help strengthen the foreign trade deficit.
C) prop up a sagging domestic oil industry.
D) help cut the foreign trade deficit.
E) create a trade restriction.
Correct Answer:

Verified
Correct Answer:
Verified
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