To regain some power to influence events,policymakers have sought to restrict the impact of global trade and financial flows by:
A) minimizing barriers.
B) charging tariffs.
C) canceling import regulations.
D) limiting quotas.

Question

Quizplus · Accepted Answer

Policymakers seeking to restrict the impact of global trade and financial flows can charge tariffs, which are taxes levied on imports or exports, to limit the inflow or outflow of goods and money. This is a way for policymakers to assert control over their country's economic activity and potentially protect domestic industries. Minimizing barriers, canceling import regulations, and limiting quotas would all have the opposite effect and increase the impact of global trade and financial flows.

To Regain Some Power to Influence Events,policymakers Have Sought to Restrict