As trade restrictions are eliminated,increased imports:

Question

Quizplus · Accepted Answer

When trade restrictions are eliminated and imports increase, it can lead to a redistribution of income away from import-competing industries. These industries may see decreased demand and lower profits, potentially leading to job losses and reduced wages for workers in those industries. Meanwhile, other industries may benefit from increased competition and access to new markets for their products. Therefore, answer C is the best choice.

As Trade Restrictions Are Eliminated,increased Imports