which of the following effects would not likely result from enacting a free trade agreement? a. imports…
which of the following effects would not likely result from enacting a free trade agreement? a. imports would increase. b. exports would increase. c. prices of goods would decrease. d. quotas and tariffs would increase. please select the best answer from the choices provided.
Answer
Brief Explanations:
Free - trade agreements aim to reduce or eliminate quotas and tariffs to promote trade. So, quotas and tariffs would not increase. Instead, imports and exports are likely to increase due to reduced trade barriers, and competition may lead to a decrease in prices of goods.
Answer:
D. Quotas and tariffs would increase.