The box with the "?" in Figure 7-3 above leads to which of the following as a result of the imposition of tariffs and quotas based on protectionist policies of a country?
A)an increase world trade
B)a decrease world trade
C)a limit on exports
D)a limit on import
E)countertrade

Question

Quizplus · Accepted Answer

The imposition of tariffs and quotas based on protectionist policies results in a decrease in world trade, as it restricts the flow of imports and exports.

The Box with the "?" in Figure 7-3 Above Leads