The Canadian economy would gain from the elimination of tariffs and quotas even if other countries do not reduce their tariffs and quotas.

Question

Quizplus · Accepted Answer

Eliminating tariffs and quotas would lower the cost of imported goods, which would benefit Canadian consumers and businesses. This could also lead to increased competition and efficiency within Canadian industries. Even if other countries do not reduce their tariffs and quotas, Canada would still benefit from lower prices and increased economic activity.

The Canadian Economy Would Gain from the Elimination of Tariffs