Most experts agree that if protectionism is politically unavoidable, __________ are preferable to quotas.
A) tariffs
B) subsidies
C) free trade agreements
D) joint ventures

Question

Quizplus · Accepted Answer

Tariffs are generally considered preferable to quotas when protectionism is politically unavoidable because they allow for some level of international trade to continue by imposing taxes on imports rather than outright limiting the quantity of goods that can be imported, which is what quotas do. Tariffs can generate revenue for the government and can be adjusted more easily than quotas, which are more restrictive and can lead to shortages and other market distortions.

Most Experts Agree That If Protectionism Is Politically Unavoidable, __________