Figure 7-2
-The question mark in Figure 7-2 above leads to which of the following as a result of the imposition of tariffs and quotas?
A) an increase in world trade
B) a decrease in world trade
C) a limit on exports
D) an increase in exports
E) countertrade

Question

Figure 7-2
-The question mark in Figure 7-2 above leads to which of the following as a result of the imposition of tariffs and quotas?
A) an increase in world trade 
B) a decrease in world trade 
C) a limit on exports 
D) an increase in exports 
E) countertrade

Quizplus · Accepted Answer

Tariffs and quotas are trade barriers that typically lead to a decrease in world trade by making imported goods more expensive and limiting the quantity of goods that can be imported.

Figure 7-2 -The Question Mark in Figure 7-2 Above Leads to Which