High transactions costs are a valid reason for maintaining trade barriers.

Name: High transactions costs are a valid reason for maintaining trade barriers.
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Question

Quizplus · Accepted Answer

High transaction costs are typically considered a market inefficiency to be reduced or eliminated through better infrastructure, technology, and streamlined processes, rather than a justification for maintaining trade barriers, which can further distort markets and reduce economic efficiency.

High Transactions Costs Are a Valid Reason for Maintaining Trade