11. Supporters of protective tarrifs believe that

12. When a business sells products in other countries, it must consider the value of the U.S dollar relative to the country's currency, as this affects the cost of imports and exports. This is called the

11) Supporters of protective tariffs believe that 11) B) they insulate domestic industries against well-established foreign competitors. C) they may be used to completely ban certain goods from entering a country. D) they should be used as a permanent solution to trade imbalances. E) they standardize the number of items that can be brought into a country duty free. F) they makeup for variances in currency exchange rates. 12) When a business sells products in other countries, it must consider the value of the U.S. dollar relative to that country's currency, as this affects the cost of imports and exports. This is called the 12) B) exchange rate. C) balance of payments. D) trade ratio. E) value ratio. F) currency rate