Throughout the post- World War II era,the importance of tariffs as a trade barrier has
A)increased.
B)decreased.
C)fluctuated wildly.
D)remained the same.
E)demonstrated a classic random walk with a mean- reversion tendency.

Question

Quizplus · Accepted Answer

The importance of tariffs as a trade barrier has generally decreased in the post-World War II era due to the establishment of international trade agreements and organizations like the World Trade Organization (WTO) that promote free trade and reduce tariff barriers.

Throughout the Post- World War II Era,the Importance of Tariffs