Countries that impose high tariffs, exchange rate controls, and other barriers that restrict international trade have, on average,
A) high rates of economic growth.
B) low rates of economic growth.
C) a large export sector.
D) a large import sector.

Question

Quizplus · Accepted Answer

Countries that impose high tariffs and other trade barriers typically experience low rates of economic growth because such measures can limit competition, reduce efficiency, and restrict access to foreign markets and goods.

Countries That Impose High Tariffs, Exchange Rate Controls, and Other