Eliminating trade barriers does all of the following except
A)increases economic efficiency.
B)lowers incomes.
C)lowers domestic prices.
D)All of the above occur when trade barriers are eliminated.

Question

Quizplus · Accepted Answer

Eliminating trade barriers typically leads to increased economic efficiency and lower domestic prices. However, it does not necessarily lower incomes. In fact, some argue that increased trade can lead to higher wages and improved job opportunities. Therefore, option D is incorrect. Option B is the only choice that does not accurately describe the potential effects of eliminating trade barriers.

Eliminating Trade Barriers Does All of the Following Except