Asked by Megan Green on Jul 26, 2024
Verified
Because almost all economists oppose policies that restrict trade among nations, policymakers do not restrict imports of certain goods.
Trade Policies
Government rules and regulations that determine the international trade activities of a country, affecting exports and imports.
- Understand the influence of governmental policies and regulations on the economic landscape.
- Understand the factors leading to divergent views among economists and the multiplicity of economic perspectives.
Verified Answer
ZK
Zybrea KnightAug 02, 2024
Final Answer :
False
Explanation :
Despite the general opposition from economists to trade restrictions, policymakers often impose tariffs, quotas, and other barriers on imports due to political pressures, protection of domestic industries, national security concerns, or to gain leverage in international negotiations.
Learning Objectives
- Understand the influence of governmental policies and regulations on the economic landscape.
- Understand the factors leading to divergent views among economists and the multiplicity of economic perspectives.
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