A trade policy is a government policy
A)directed toward the goal of improving the tradeoff between equity and efficiency.
B)that directly influences the quantity of goods and services that a country imports or exports.
C)intended to exploit the tradeoff between inflation and unemployment by altering the budget deficit.
D)concerning employment laws.

Question

Quizplus · Accepted Answer

A trade policy is a government policy that directly influences the quantity of goods and services that a country imports or exports. It aims to promote trade, protect domestic industries, and regulate imports and exports through a variety of measures such as tariffs, subsidies, and quotas. Trade policies are designed to achieve economic objectives such as increasing exports, reducing imports, improving the balance of payments, and promoting economic growth.

A Trade Policy Is a Government Policy