Which of the following statements is correct? Most economists
A) think that protectionism is a vital and necessary component in a nation's economic policy.
B) prefer to let the market forces of supply and demand solve trade imbalances.
C) believe that tariffs and quotas are efficient and effective measures.
D) believe product standards,export subsidies,and exchange controls are desirable trade practices,but quotas and tariffs only provoke retaliation.
E) think that the best way to correct trade deficits is to devalue the dollar.
Correct Answer:
Verified
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B)free
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