Which of the following trade policies raises prices for domestic consumers?

Name: Which of the following trade policies raises prices for domestic consumers?
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Question

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All three trade policies mentioned - voluntary export restraints, tariffs, and import quotas - are designed to restrict imports into a country. As a result, they reduce competition from foreign producers, which can lead to higher prices for domestic consumers. Therefore, all of them raise prices for domestic consumers.

Which of the Following Trade Policies Raises Prices for Domestic