After the Sharp Drop in Oil Prices, the U

Multiple Choice

After the sharp drop in oil prices, the U.S. Congress considered 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.