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Economics
MEDIUM
ENGLISH
Economics
Concerning a government’s trade policy, all the following generally apply except ?
A
economic downturn and recession generally result in greater protectionism
Option A
because domestic consumers outnumber domestic producer’s policy markers usually enact Free-trade policies to satisfy the consumer majority:
Correct answer
C
When domestic exporting companies are organized, policy tends to favor freer trade
Option C
D
Policy tends to favor freer trade in countries whose imports are inputs into critical industries
Option D
Correct answer: B
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