The question mark in Figure 7-3 above indicates which of the following result from the imposition of tariffs and quotas protectionist policies of a country?
A)an increase in world trade
B)a decrease in world trade
C)a limit on exports
D)a limit on imports
E)countertrade

Question

Quizplus · Accepted Answer

The question mark implies uncertainty, but the context suggests that the result of implementing protectionist policies is likely to be a decrease in world trade, as tariffs and quotas make it more difficult and expensive to import and export goods. This can lead to a reduction in international trade and economic growth.

The Question Mark in Figure 7-3 Above Indicates Which of the Following