Throughout the post-World War II era, the importance of tariffs as a trade barrier has
A) increased.
B) decreased.
C) remained the same.
D) fluctuated wildly.
E) demonstrated a classic random walk with a mean-reversion tendency.

Question

Quizplus · Accepted Answer

Throughout the post-World War II era, the importance of tariffs as a trade barrier has decreased as countries have increasingly adopted more open trade policies and negotiated trade agreements to reduce or eliminate tariffs.

Throughout the Post-World War II Era, the Importance of Tariffs