Which of the following would tend to be the effect if Canada imposed a high tariff on
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Question:
Which of the following would tend to be the effect if Canada imposed a high tariff on a major imported item?
a. It would tend to cause the dollar to appreciate in value.
b. It would tend to cause the dollar to depreciate in value.
c. It would tend to decrease the Canadian merchandise trade surplus.
d. It would tend to increase Canadian exports of goods
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