Why do countries often restrict trade?
A) Some influential interest groups may benefit from tariffs.
B) Trade restrictions are usually the best way to improve a country's overall economy.
C) Free trade hurts industries that make use of the most abundant resource in a country.
D) Trade restrictions are more important to consumers than to producers of products.
Correct Answer:
Verified
Q2: What is protectionism?
A)The creation of alliances to
Q3: What is trade liberalization?
A)Being tolerant of exporting
Q4: Which of the following statements about trade
Q5: Which of the following is most likely
Q6: Developing countries have been surprisingly receptive to
Q8: Which of the following is a factor
Q9: Which of the following describes comparative advantage?
A)A
Q10: Which of the following is a quota?
A)A
Q11: Which of these is most likely a
Q12: The trade protection that the United States
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