The elimination of import restrictions will
A)Alter the mix of output from export industries toward domestic industries.
B)Redistribute income from import-competing industries to export industries.
C)Alter the mix of output from export industries to import-competing industries.
D)Redistribute income from domestic to foreign producers.

Question

Quizplus · Accepted Answer

Eliminating import restrictions allows more foreign goods to enter the market, benefiting export industries by increasing their market access and competitiveness, while import-competing industries may lose market share, leading to a redistribution of income.

The Elimination of Import Restrictions Will