if a country lowers tariffs, what will most likely happen?\no transportation costs will rise.\no…
if a country lowers tariffs, what will most likely happen?\no transportation costs will rise.\no communication costs will drop.\no exports will decrease.\no imports will increase.
Answer
Brief Explanations:
Tariffs are taxes on imports. Lowering them makes imports cheaper, so demand for imports is likely to increase. Transportation and communication costs are not directly related to tariff - changes. Lowering tariffs usually encourages trade and is more likely to increase rather than decrease exports in a positive trade - environment context.
Answer:
Imports will increase.