Multiple Choice
A country produces two goods, soda and chips. It currently exports soda and imports chips. If it were to impose a tariff on chips,
A) both imports of chips and exports of sodas would rise.
B) imports of chips would rise, but exports of sodas would fall.
C) imports of chips would fall, but exports of sodas would rise.
D) both imports of chips and exports of sodas would fall.
Correct Answer:
Verified
Correct Answer:
Verified
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