The Practice of Imposing Import Restrictions to Protect a Newly

question 26

Multiple Choice

The practice of imposing import restrictions to protect a newly developing domestic economy typically results in:

• A)a rapid improvement in the standard of living.
• B)expanded trade relations with other nations.
• C)lower prices of domestic products.
• D)allocation of resources away from the primary products.
• E)greater cost efficiency in domestic production.