Research indicates that
A) countries with lower tariff rates experience higher rates of economic growth.
B) countries with lower tariff rates experience lower rates of economic growth.
C) there is no relationship between the level of tariff rates and economic growth.
D) countries with higher tariff rates experience higher rates of economic growth.

Question

Quizplus · Accepted Answer

Lower tariff rates mean easier access to foreign markets and cheaper imports, which can promote competition and innovation in domestic industries. This ultimately leads to higher economic growth.

Research Indicates That