Economics · International Trade
In international trade, the imposition of a tariff on a commodity generally leads directly to which of the following outcomes?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Decrease in domestic prices of exports
- 2Decrease in domestic prices of imports
- 3Increase in domestic prices of exports
- 4Increase in domestic prices of imports✓
Correct answer
Increase in domestic prices of imports
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