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Reference: Ref 9-2 (Figure: Foreign Trade with a Tariff) Refer

Question 3

Multiple Choice

Reference: Ref 9-2 (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. Reference: Ref 9-2 (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.

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