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Which of the following tends to be observed if a country increases its tariffs on imports? a. The demand for imports tends to increase. b. The demand for exports tends to decrease. c. This will lead to an increase in the current account. d. This will lead to a decrease in the financial account.

Which of the following tends to be observed if a country increases its tariffs on imports? a. The demand for imports tends to increase. b. The demand for exports tends to decrease. c. This will lead to an increase in the current account. d. This will lead to a decrease in the financial account.

Micro Economics For Today
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter15: International Trade And Finance
Section: Chapter Questions
Problem 5SQP
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Which of the following tends to be observed if a country increases its tariffs on imports?

a. The demand for imports tends to increase.
b. The demand for exports tends to decrease.
c. This will lead to an increase in the current account.
d. This will lead to a decrease in the financial account.
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