Asked by
David Matthews
on Dec 12, 2024Verified
Trade restrictions like tariffs and quotas will
A) protect American jobs and increase employment.
B) ensure that more dollars stay in the United States.
C) reduce the value of goods and services that we will be able to produce and consume.
D) make all Americans better off.
Trade Restrictions
Regulations or policies that limit international trade, often imposed to protect domestic industries from foreign competition.
Tariffs
Taxes imposed on imported goods, usually to protect domestic industries or generate revenue for the government.
Quotas
Limits set by governments on the quantity of a specific good that can be imported or exported during a particular time frame.
- Examine the compromises between defending national industries and consumer interests.
- Acquire knowledge on the connection between trade strategies and retail pricing.
Verified Answer
DW
Learning Objectives
- Examine the compromises between defending national industries and consumer interests.
- Acquire knowledge on the connection between trade strategies and retail pricing.