Which of the following would be most likely to help the residents of a nation produce a larger output and consume a wide variety of products at economical prices?
A) Imposition of tariffs on imported goods.
B) Quotas that protect domestic businesses against foreign producers that pay workers low wages.
C) Free trade.
D) Exchange rate controls.

Question

Quizplus · Accepted Answer

Free trade allows for open competition in the market, potentially leading to increased productivity and efficiency, as well as access to a wider variety of goods at lower costs. Tariffs and quotas can create barriers to entry for foreign businesses, ultimately limiting competition and potentially decreasing overall economic output. Exchange rate controls can have unpredictable effects on the economy and may not necessarily lead to increased productivity or access to goods.

Which of the Following Would Be Most Likely to Help