Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own.

Name: Quotas and tariffs discourage foreign governments from retaliating with quotas and tariffs of their own.
Brand: Quizplus
Rating: 4.9 (49 reviews)

Question

Quizplus · Accepted Answer

Quotas and tariffs can lead to a trade war in which foreign governments implement their own trade barriers in response. This can harm both countries' economies and lead to decreased global trade.

Quotas and Tariffs Discourage Foreign Governments from Retaliating with Quotas