Multiple Choice
Suppose the United States eliminates high tariffs on German bicycles. As a result, we would expect
A) the price of German bicycles to increase in the United States.
B) employment to decrease in the German bicycle industry.
C) employment to decrease in the U.S. bicycle industry.
D) profits to rise in the U.S. bicycle industry.
Correct Answer:
Verified
Correct Answer:
Verified
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