Asked by
kekeli thompson
on Oct 26, 2024Verified
Economists are generally in support of:
A) government restrictions on trade.
B) free international trade.
C) tariffs to restrict trade.
D) subsidizing exports.
Tariffs
Taxes imposed on imported goods, often to protect domestic industries or to raise government revenue.
Subsidizing Exports
Financial support provided by governments to domestic companies to lower their production costs and make their exports more competitive on the global market.
Free International Trade
The exchange of goods and services between countries without restrictive quotas, tariffs, or other barriers.
- Appreciate the role of economists in supporting free trade and understanding economic indicators.
Verified Answer
MD
Learning Objectives
- Appreciate the role of economists in supporting free trade and understanding economic indicators.