If a nation restricts trade with other nations, then the most likely effect is
A) lower prices of goods and services in the nation.
B) increased specialization of production.
C) expanded economic wealth of the nation.
D) consumers in the nation are made worse off.

Question

Quizplus · Accepted Answer

Restricting trade often leads to higher prices for consumers in the nation because they have less access to cheaper goods and services from other nations. It can also lead to retaliatory restrictions from other nations, reducing overall trade and potentially harming the economy. Therefore, consumers in the nation are made worse off.

If a Nation Restricts Trade with Other Nations, Then the Most