Increased trade restrictions
A)Increase a trade deficit in the short run.
B)Reduce total consumption possibilities.
C)Alter a nation's production possibilities.
D)Have a neutral impact since the losses cancel out the benefits.

Question

Quizplus · Accepted Answer

Increased trade restrictions typically reduce total consumption possibilities because they limit access to foreign goods and services, potentially leading to higher prices and less variety for consumers.

Increased Trade Restrictions