Increased trade among nations is chiefly dependent on maintaining high tariffs and fixed exchange rates.

Question

Quizplus · Accepted Answer

Increased trade among nations is actually dependent on lowering tariffs and allowing flexible exchange rates. High tariffs can make imported goods more expensive and discourage trade, while fixed exchange rates can create imbalances in the value of currencies and hinder trade. Lowering tariffs allows for more competition and potentially more affordable prices for consumers, while flexible exchange rates can allow for a more fair and efficient trading system.

Increased Trade Among Nations Is Chiefly Dependent on Maintaining High