Multiple Choice
How do high tariffs and other restraints on international trade affect a nation's prosperity?
A) They increase employment and thereby promote the growth of GDP.
B) They prevent a nation from fully realizing the potential gains from specialization, exchange, and competition.
C) They protect domestic producers and thereby promote economic growth.
D) Both a and c are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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