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Economics · Oct / Nov 2021 · Paper 12 · Question 29

2281Globalisation and trade restrictions

The US imposed tariffs on cars and motorcycles from Germany. What is the effect of these tariffs?

  1. Adecrease in inflation in the US
  2. Bdecrease in trade between the US and Germany
  3. Cincrease in profits of car and motorcycle producers from Germany
  4. Dincrease in standards of living in the US and in Germany

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Correct answer: B. decrease in trade between the US and Germany

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