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Which of the Following Best Illustrates the Actions That Are

Question 5

Multiple Choice

Which of the following best illustrates the actions that are most consistent with implementing a trade liberalization policy?


A) Creating trade barriers that take the form of higher import/export tariffs or tighter trade quotas.
B) Policies encouraging governments to subsidize domestically-produced goods, therefore making the prices more attactive to foreign buyers.
C) Policies that boost the economic viability of domestic industries by restraining the ability of foreign competitors to gain a share of the domestic market.
D) Negotiating with trade partners to reduce or eliminate trade barriers (e.g., by lowering tariffs, loosening trade quotas, or promoting market-driven currency exchange-rate markets)
E) both answers ""B"" and ""C"" are correct.

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