By reducing trade barriers,the government
A) reduces imports.
B) increases the price of the imported good.
C) reduces exports.
D) decreases efficiency.
E) decreases deadweight loss.

Question

Quizplus · Accepted Answer

By reducing trade barriers, the government typically decreases deadweight loss because it allows for more efficient allocation of resources according to comparative advantage, leading to increased trade and economic efficiency.

By Reducing Trade Barriers,the Government