Multiple Choice
Use the following to answer questions:
Figure: Foreign Trade with a Tariff
-(Figure: Foreign Trade with a Tariff) Refer to the figure. A $1 tariff results in:
A) an increase in imports of 80 million units.
B) a decrease in imports of 80 million units.
C) an increase in imports of 100 million units.
D) a decrease in imports of 100 million units.
Correct Answer:

Verified
Correct Answer:
Verified
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