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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

If countries reduced trade barriers, would the international flows of money increase?

To determine

The impact of trade barriers on international trade.

Explanation

If the country reduces the trade barriers, then it would increase the international flow of money. It helps to increase the exports and imports of any company by up surging the transportation costs. The most important barrier to trade is tariffs. Tariffs are defined as the taxes which are imposed on the imported goods...

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