Which of the Following Statements About International Trade Restrictions Is

question 66

Multiple Choice

Which of the following statements about international trade restrictions is true?

• A)They ensure that only efficient producers survive.
• B)They ensure that countries specialize only in those products that they can produce most efficiently.
• C)In the majority of cases,they harm domestic consumers.
• D)They typically benefit foreign producers at the expense of domestic consumers.
• E)They ensure that higher-quality goods are provided at lower prices.

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Definitions:

Competitor

An entity that is in the same industry or market and vies for the same customers or resources.

Capital-Intensive

Describing industries or businesses that require a significant amount of capital investment to produce goods or services.