Eliminating trade barriers does all of the following except

Name: Eliminating trade barriers does all of the following except
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Eliminating trade barriers generally leads to increased economic efficiency and lower domestic prices, as domestic producers face competition from foreign producers. However, it does not necessarily lead to a lower average standard of living in a country. In fact, increased trade can lead to higher levels of income and greater access to goods and services for consumers.

Eliminating Trade Barriers Does All of the Following Except