If Tariffs Are Decreased, the Long-Run Effect Is Most Likely

question 30

Multiple Choice

If tariffs are decreased, the long-run effect is most likely to be

• A) a decrease in both U.S. imports and exports.
• B) an increase in both U.S. imports and exports.
• C) a decrease in U.S. imports and an increase in U.S. exports.
• D) an increase in U.S. imports and a decrease in U.S. exports.

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Definitions:

Identify

The process of recognizing or establishing the identity of a person or thing.

Diagnosed

The process of identifying a disease or condition by its signs, symptoms, and from the results of various diagnostic tests.

Alzheimer's Disease

A progressive neurological disorder characterized by memory loss, cognitive decline, and personality changes, leading to dementia.

Deny

To refuse the truth of a concept, fact, or proposition, often implying a psychological defense mechanism in the context of mental health.