Asked by Lucia Callista on May 05, 2024
Verified
Which of the following creates an obstacle to pursuing freer international trade?
A) Consumers do not recognize their potential gains.
B) Losses are widespread.
C) Domestic producers do not recognize their potential losses.
D) Government has plenty of political will and support to remove trade barriers.
E) Consumers can easily organize to demand free trade.
Freer International Trade
The reduction or elimination of barriers to exchange and trade between countries, such as tariffs and quotas.
Trade Barriers
Measures implemented by countries to regulate or limit international trade, including tariffs, quotas, and non-tariff barriers.
Political Will
The commitment of political leaders to undertake actions and policies, especially those that are difficult or controversial, to achieve specific outcomes.
- Recognize obstacles and political challenges to implementing freer international trade.
Verified Answer
Learning Objectives
- Recognize obstacles and political challenges to implementing freer international trade.
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