Restricting imports of Brazilian shoes in the United States will _____
A) raise the price of Brazilian shoes and leave the price of domestic shoes unchanged.
B) raise the price of Brazilian shoes but lower the price of domestically produced shoes in the United States.
C) lower the price of Brazilian shoes but raise the price of domestically produced shoes in the United States.
D) lower the price of both Brazilian and domestically produced shoes in the United States.
E) benefit the producers of shoes in Brazil.
Correct Answer:
Verified
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