An import tariff will cause the relative demand for ________ to ...

[cnetterville]

An import tariff will cause the relative demand for ________ to ________ and the relative supply for ________ to ________.
 
  A) imports; decrease; imports; increase
  B) imports; increase; imports; decrease
  C) exports; increase; exports; decrease
  D) exports; decrease; exports; increase
  E) exports; increase; imports; decrease

Question 2

The balance of payments has become a central issue for the United States because
 
  A) when the balance of payments is not balanced, society is unbalanced.
  B) the U.S. economy cannot grow when the balance of payments is in deficit.
  C) the U.S. has run huge trade deficits in every year since 1982.
  D) the U.S. never experienced a surplus in its balance of payments.
  E) the U.S. once ran a large trade surplus of about 40 billion.

[SeanoH09]

Answer to Question 1

A

Answer to Question 2

C

[cnetterville]

Thank you

[SeanoH09]

Happy to help you