Imposing trade barriers does all of the following except
A)reduces economic efficiency.
B)lowers incomes.
C)lowers domestic prices.
D)invites retaliation from foreign governments.

Question

Quizplus · Accepted Answer

Imposing trade barriers may reduce economic efficiency, lower incomes, and invite retaliation from foreign governments. However, it typically does not lower domestic prices, as trade barriers often lead to higher prices for domestic consumers due to reduced competition and limited access to cheaper foreign goods.

Imposing Trade Barriers Does All of the Following Except