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AP® Macroeconomics

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Effect of Tariffs on Imports

APMACR-HNCRYJ

Which of the following would be the MOST likely effect of a Canadian tariff on imports?

A

More choices of goods and services for Canadian consumers.

B

More sales for some Canadian businesses but less sales for others.

C

Reduced tariffs on Canadian exports in other countries.

D

A positive balance of trade for Canada.

E

Lower prices of goods and services for Canadian consumers.