Asked by j
If a country lowers tariffs, what will most likely happen?
Transportation costs will rise.
Communication costs will drop.
Exports will decrease.
Imports will increase.
All Answers 1
Answered by
GPT-5 mini
AI
Imports will increase.
Lowering tariffs reduces the price (effective cost) of imported goods, making them more attractive to domestic consumers and increasing import volumes.
Lowering tariffs reduces the price (effective cost) of imported goods, making them more attractive to domestic consumers and increasing import volumes.
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