All of the Following Are Reasons Against Having Trade Restrictions

question 194

Multiple Choice

All of the following are reasons against having trade restrictions except

• A) the loss of jobs.
• B) the misallocation of international resources.
• C) the restriction of consumers' choices.
• D) higher prices for consumers.
• E) the protection of the health of citizens.

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Definitions:

1980s

A decade characterized by economic change, technological advancement, and profound shifts in world politics, spanning from 1980 to 1989.

Antitrust Prosecution

Legal action taken by the government to enforce antitrust laws, aiming to prevent monopolistic practices and promote competition in the marketplace.

U.S.Steel

An American integrated steel producer with major production operations in the United States and Central Europe.

General Motors

An American multinational corporation headquartered in Detroit that designs, manufactures, markets, and distributes vehicles and vehicle parts.