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    Currency Values and Tariffs

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    A country eliminates all tariffs. Would you expect that the value of its currency to rise or fall? Explain your answer.

    © BrainMass Inc. brainmass.com October 9, 2019, 9:03 pm ad1c9bdddf
    https://brainmass.com/economics/microeconomics/currency-values-tariffs-171865

    Solution Preview

    Eliminating tariffs on imports would reduce their cost to consumers, and cause demand imports to increase. When the country imports goods, it must sell its currency in ...

    Solution Summary

    The currency values and tariffs are determined.

    $2.19