Which of the following is correct?
A) An increase in the tariff on foreign-produced automobiles will benefit U.S. consumers of domestic cars.
B) An ongoing result of the North American Free Trade Agreement is that producers in both countries will benefit at the expense of consumers.
C) The wages of U.S. workers would sharply decline if we traded freely with low-wage countries like India and China.
D) Exports provide a nation with its primary source of purchasing power used to buy imported goods.

Question

Quizplus · Accepted Answer

Exports generate revenue for a country, which provides the purchasing power needed to buy imported goods.

Which of the Following Is Correct