Politicians often argue for tariff increases in order to reduce the size of a balance of trade deficit.If tariffs are increased,what is the long-run effect most likely to be?
A) a decrease in Canadian imports and an increase in Canadian exports
B) an increase in both Canadian imports and exports
C) an increase in Canadian imports and a decrease in Canadian exports
D) a decrease in both Canadian imports and exports
Correct Answer:
Verified
Q89: What is dumping?
A)when a foreign producer sells
Q90: What impact will a Canadian import tariff
Q91: Figure 14-1 Q92: Which of the following is the best Q93: Figure 14-1 Q95: Which of the following results from a Q96: Figure 14-1 Q97: What impact will raising an existing tariff Q98: What impact would a new Canadian tariff Q99: Figure 14-1 Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
