Lowering the tariff on good X will
A. increase domestic employment in industry X.
B. increase the domestic imports of good X.
C. increase the domestic price of good X.
D. have no effect unless the nationʹs trading partner also lowers its tariff on good X.
Answer:B
Lowering the tariff on good X will
A. increase domestic employment in industry X. B. increase the domestic imports of good X. C. increase the domestic price of good X. D. have no effect unless the nationʹs trading partner also lowers its tariff on good X.