Which of the Following Would Be the Most Likely Result

question 4

Multiple Choice

Which of the following would be the most likely result if trade restrictions among nations were eliminated?

• A) Competition would increase, resulting in lower prices and increased choices for consumers.
• B) The total volume of trade would decline.
• C) All nations would experience an increase in their foreign debt.
• D) Revenues from tariffs would increase.

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Definitions:

Oral

Involving spoken communication or examination.

Written

Communication or documentation that is expressed in written form, including reports, emails, and memos.

Non-verbal

Communication that occurs through body movements, facial expressions, and other physical gestures rather than words.

Policy Changes

Adjustments or modifications made to the rules or guidelines that govern an organization or a governmental body.