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Ceteris paribus, if the United States government were to place a protective tariff on imported products from Argentina, how would this affect the international value of the US dollar and the Argentinian peso in the foreign exchange market?

A

The dollar would appreciate and the peso would appreciate.

B

The dollar would appreciate and the peso would depreciate.

C

The dollar would depreciate and the peso would depreciate.

D

The dollar would depreciate and the peso would appreciate.

E

The dollar would appreciate but the peso's value would not change.

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