In the global economy, some nations are open to international trade, while others use tariffs and import quotas to limit the impact of trade. Which of the following is a reasonable conclusion that you can draw from this statement?
A. differences in economic institutions exist among nations
B. no nation intentionally aims for an unsustainable trade imbalance
C. nations have similar priorities and similar economic situations
D. economic growth is built on a foundation of trade improvements
Answer:A
In the global economy, some nations are open to international trade, while others use tariffs and import quotas to limit the impact of trade. Which of the following is a reasonable conclusion that you can draw from this statement?
A. differences in economic institutions exist among nations B. no nation intentionally aims for an unsustainable trade imbalance C. nations have similar priorities and similar economic situations D. economic growth is built on a foundation of trade improvements
Explanation: Type: Multiple Choice Category: Evaluate