Asked by
Mohammad Abdullah Ansari
on Dec 12, 2024
Verified
Trade restrictions that limit the sale of low-price foreign goods in the U.S. market
A) increase the real income of Americans.
B) benefit domestic producers in the protected industries at the expense of consumers and domestic producers in export industries.
C) help channel more of our resources into producing goods for which we are a low-cost producer.
D) reduce unemployment and increase the productivity of American workers.
Trade Restrictions
Measures implemented by governments to control the flow of goods and services across borders, which may include tariffs, quotas, and embargoes.
Domestic Producers
Domestic producers are companies that manufacture goods or provide services within their own country, often competing with imported products.
- Comprehend the effects of trade restrictions like tariffs and quotas on domestic economies.
Verified Answer
JD
Learning Objectives
- Comprehend the effects of trade restrictions like tariffs and quotas on domestic economies.