In 2002,the United States Placed Higher Tariffs on Imports of Steel.According

question 89

Multiple Choice

In 2002,the United States placed higher tariffs on imports of steel.According to the open-economy macroeconomic model this policy should have

• A)reduced imports into the United States and made U.S.net exports rise.
• B)reduced imports into the United States and made the net supply of dollars in the foreign exchange market shift right.
• C)reduced imports of steel into the United States,but reduced U.S.exports of other goods by an equal amount.
• D)reduced imports of steel into the United States and increased U.S.exports of other goods by an equal amount.

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