Which of the following is NOT an expected benefit of reducing nontariff barriers to trade?
A)Fewer firms to compete with
B)Lower prices for many goods
C)Increase in the volume of exports and imports
D)Improved overall economic welfare

Question

Quizplus · Accepted Answer

Reducing nontariff barriers to trade is expected to lead to benefits such as lower prices for goods, an increase in the volume of exports and imports, and improved overall economic welfare. However, it is not expected to result in fewer firms to compete with. In fact, reducing barriers can actually lead to increased competition as more firms can enter the market.

Which of the Following Is NOT an Expected Benefit of Reducing