A member of the United States Congress representing Birmingham and the surrounding area is championing a bill in the Congress to increase tariffs on imported steel. The likely impact of the bill is that:
A) the quality of steel in the U.S. market will improve.
B) the foreign exchange value of the foreign currency will increase.
C) the price of the imported steel will increase.
D) the rate of unemployment will reduce in the steel industry.
Correct Answer:
Verified
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