What Effect Do High Import Tariffs Have on a Country's

question 7

Multiple Choice

What effect do high import tariffs have on a country's export industries?

• A) Tariffs reduce the demand for foreign exchange, so the home currency appreciates; this hurts exports.
• B) Tariffs reduce the demand for foreign exchange, so the home currency depreciates; this boosts exports.
• C) Tariffs reduce the demand for foreign exchange, so the home currency appreciates; this boosts exports.
• D) Tariffs do not affect exports, just imports.

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