If the United States were to stop trading with other nations, economists would predict that in the long run the United States would end up with:
A) more jobs.
B) lower prices.
C) a higher standard of living.
D) a lower standard of living.

Question

Quizplus · Accepted Answer

In the long run, stopping trade would likely lead to a lower standard of living due to reduced access to goods, services, and resources that are efficiently produced elsewhere, leading to inefficiencies and higher costs domestically.

If the United States Were to Stop Trading with Other