Solved

The US Economy Relies Heavily on Trade with Other Nations

Question 78

Multiple Choice

The U.S. economy relies heavily on trade with other nations. What is a negative consequence of this?


A) It usually leads to increased taxes and regulation on businesses.
B) It slows the flow of capital because investments are less secure and more volatile in the global market.
C) It can lead to consumers paying higher prices for goods because of higher labor costs.
D) It becomes more difficult to shield the U.S. economy from the effects of another nation's hard times.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents