In reality, if a nation imposes tariffs, then the final result will be that net exports and GDP will decrease.

Question

Quizplus · Accepted Answer

Tariffs increase the cost of imported goods, making them less competitive in the domestic market. This leads to a decrease in net exports and a decrease in GDP. Additionally, tariffs can lead to retaliatory measures from other countries, further reducing exports and damaging the overall economy.

In Reality, If a Nation Imposes Tariffs, Then the Final