​Panama Is Considering Instituting Trade Restrictions in Order to Balance

question 150

Multiple Choice

​Panama is considering instituting trade restrictions in order to balance its payments,protect new businesses,and protect domestic jobs.What may be some of the reasons it would not want to institute trade restrictions?

• A) ​Higher prices for consumers,restrictions of consumers' choices,misallocation of international resources,and loss of jobs.
• B) ​Lower prices for consumers,more consumer choices,proper allocation of international resources,and increase in employment.
• C) ​Sluggish market improvements,high retail prices,and lack of international resources.
• D) ​Loss of jobs,lack of national innovation,and high interest rates.

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