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Economists Generally Agree That International Trade Restrictions

Question 47

Multiple Choice

Economists generally agree that international trade restrictions


A) Improve economic well-being and the general standard of living
B) Generate significant costs to consumers in the form of higher prices and reduced quantity of goods
C) Increase Gross Domestic Product and lower the rate of unemployment in the long run
D) Are important to the overall health of the economy
E) Reduce the severity of business cycles by limiting recessions

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