Which of the following is true?

A) Domestic policies are never barriers to trade.
B) Tariffs and quotas in industrial nations are significantly higher now than they were in 1950.
C) Tariffs and quotas are the primary trade barrier in industrialized countries.
D) Domestic policies intended to protect consumers or the environment may become trade barriers.


D

Economics

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What will be an ideal response?

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An economy with an expansionary gap will, in the absence of stabilization policy, eventually experience a(n) ________ in the inflation rate, leading to a(n) ________ in output.

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The Federal Reserve System was NOT

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Economics