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(Solved): If there is an increase in the production level of the country but the country that it exports rise ...
If there is an increase in the production level of the country but the country that it exports rises the tariffs, then what happens to Exchange rate in the country? Sketch a graph and explain your answer.
Expert Answer
The Basics of Tariffs and Trade Barriers International trade increases the number of goods that domestic consumers can choose from, decreases the cost