The End Result of Legal Trade Obstacles Is Often

question 34

Multiple Choice

The end result of legal trade obstacles is often

• A) limited trade, with the recipient of the trade obstacles withdrawing.
• B) political negotiations between the two countries, to smooth relations and reduce costs.
• C) higher costs to consumers.
• D) lower taxes to citizens in the tariff-imposing country due to tariff revenues.

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Definitions:

Lawn Mowers

Machines or devices that are used to cut a grass surface to an even height, powered manually or by an engine.

Demand

The quantity of a specific good or service that consumers are willing and able to purchase at various prices during a certain period of time.

Supply

The total amount of a specific good or service that is available to consumers at a given time and price.

Demand

Refers to the quantity of a good or service that consumers are willing and able to purchase at various prices during a given period.