3 1 pts Imposing export tariffs on US-made product A is likely to have the following effects : The price of product A in the US will increase American businesses producing product A will become more competitive in the global arena in the long run Politicians advocating the export tariff on product A are likely to gain support among American producers of product A Only a and b None of the above Question 2 1 pts Import tariffs do NOT raise consumer prices in domestic markets raise consumer prices in foreign markets protect domestic producers from foreign competitors in the short run generate revenues for the government decrease long-term competitiveness of domestic companies Question 1 1 pts The following is NOT true about Foreign Trade Zones (FTZ): FTZ are often set up to stimulate employment in economically depressed regions FTZ are used to promote international trade There are over a dozen of FTZ in the US "Industrial park" and "special economic zone" are other names for FTZ FTZ are used as a ports of entry for imports/exports but NOT as manufacturing regions where foreign companies get preferential treatment