One economic truism is that any nation's restriction of imports will ultimately lead to

Name: One economic truism is that any nation's restriction of imports will ultimately lead to
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Question

Quizplus · Accepted Answer

Restricting imports may initially protect domestic industries, but in the long run it hinders global competitiveness and limits access to foreign markets. This could result in a reduction in exports as other countries retaliate with their own trade barriers. Therefore, option B is the best choice.

One Economic Truism Is That Any Nation's Restriction of Imports