It Can Be Argued That Tariffs and Other Restrictions of Trade

question 48

Multiple Choice

It can be argued that tariffs and other restrictions of trade:

• A)lower the standard of living both in the initiator countries and those countries against which they are directed.
• B)usually lower the standard of living only in the countries that initiate them.
• C)usually lower the standard of living of only the countries against which they are directed.
• D)cause little welfare loss provided there is full employment both before and after the tariff.
• E)none of the above.

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