If Canada imposes a tariff on bananas and if none are grown in ...

[kodithompson]

If Canada imposes a tariff on bananas and if none are grown in Canada, this tariff has
 
  A) only revenue effects.
  B) only protective effects.
  C) both protective and revenue effects.
  D) neither protective nor revenue effects.

Question 2

An increase in the world relative demand for U.S. output causes
 
  A) a short-run real depreciation of the dollar against the euro.
  B) a long-run real appreciation of the dollar against the euro.
  C) a long-run real depreciation of the dollar against the euro.
  D) a short-run real appreciation of the euro against the dollar.
  E) a long-run real appreciation of the euro against the dollar.

[nicoleclaire22]

Answer to Question 1

A

Answer to Question 2

B

[kodithompson]

Thanks for the timely response, appreciate it

[dreamfighter72]

TYSM