Which of the following policies would be most likely to reduce the efficiency of a country's economic organization?
A)a legal structure that establishes secure property rights
B)imposition of tariffs and other barriers limiting international trade
C)competitive markets
D)a stable monetary system

Question

Quizplus · Accepted Answer

Imposition of tariffs and other barriers limiting international trade would reduce the efficiency of a country's economic organization by reducing the flow of goods and services between countries, which can lead to higher prices, lower quality, and less choice for consumers.

Which of the Following Policies Would Be Most Likely to Reduce