which of the following would, other things equal, increase thedemand for U.S. fa

Question

which of the following would, other things equal, increase thedemand for U.S. farm products? a. bumper crops abroad b. depreciation of the U.S. dollar c. deteriorating trade relations with China and Russia d. increases   in foreign tariffs on imported farmproducts which of the following would, other things equal, increase thedemand for U.S. farm products? a. bumper crops abroad b. depreciation of the U.S. dollar c. deteriorating trade relations with China and Russia d. increases   in foreign tariffs on imported farmproducts

Explanation / Answer

d. Because a increase on tariffs would increase the price on foreign farm produces, lowering US prices relative to foreign prices. Thus the price difference would increase demand.

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