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If a country lowers tariffs, what will most likely happen?

Transportation costs will rise.
Communication costs will drop.
Exports will decrease.
Imports will increase.

User Pavindu
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2 Answers

2 votes

Answer:

d

Step-by-step explanation:

User Venkata Narayana
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Answer: Import will increase

Explanation: If a country lowers tariffs, it is most likely that imports will increase. Tariffs are a tax or duty imposed on goods that are imported into a country, making them more expensive and less competitive compared to locally produced goods. When tariffs are lowered, the cost of importing goods decreases, making them more affordable and attractive to consumers, which can lead to an increase in imports. This can have both positive and negative effects on the economy, depending on the specific circumstances and the impact on domestic industries. However, lowering tariffs is not expected to directly impact transportation or communication costs.

User Marc Stober
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