Author Question: Which of the following statements about international trade restrictions is true? a. They ensure ... (Read 92 times)

Pea0909berry · **on:** Jun 30, 2018

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.

Question 2

From which of the following countries does the U.S. import the largest dollar value of goods?
a. Canada
b. Mexico
c. Great Britain
d. Japan