Trade restrictions like tariffs and quotas will
A) protect American jobs and increase employment.
B) ensure that more dollars stay in the United States.
C) reduce the value of goods and services that we will be able to produce and consume.
D) make all Americans better off.

Question

Quizplus · Accepted Answer

Trade restrictions like tariffs and quotas can lead to inefficiencies in the economy, reducing the overall value of goods and services that can be produced and consumed by limiting access to cheaper or more efficiently produced foreign goods.

Trade Restrictions Like Tariffs and Quotas Will