What is a benefit of reducing barriers to international trade? It creates an obstacle to economies of scale, increasing profit Increasing tariffs yields greater domestic profits. The specialization it promotes leads to greater worker productivity
What is a benefit of reducing barriers to international trade? It creates an obstacle to economies of scale, increasing profit Increasing tariffs yields greater domestic profits. The specialization it promotes leads to greater worker productivity
Chapter21: International Trade And Finance
Section: Chapter Questions
Problem 10SQ
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What is a benefit of reducing barriers to international trade?
It creates an obstacle to economies of scale, increasing profit
Increasing tariffs yields greater domestic profits.
The specialization it promotes leads to greater worker productivity
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