Answer:
A by causing real median household incomes to decline
C by limiting consumer choice
Explanation:
Negative effects of trade barriers (protectionism) policies include the following:
- weakening competition in the domestic market, and, consequently, incentives to improve production decsrease;
- the welfare of the population is decreasing due the rise in price of imported goods and the relative high cost of domestic goods, the deterioration of the quality of domestic goods, and the restriction of the freedom of choice of consumers;
- the country will suffer large losses due to the non-use of the absolute and relative advantages of the international division of labor and exchange.
This is confirmed, in particular, by the fact that after the Second World War, the gradual removal of trade barriers, such as tariffs and quotas, stimulated growth and increased the level of welfare wherever this happened, partly due to the expansion of the choice of goods for the population at lower prices. More importantly, trade also had a powerful beneficial effect on productivity, that is, on the efficient use of world resources for the production of economic goods.
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The answer to this question will be A. Losses ARE limited to the original investment.
A is poverty b is political reforms
The Roaring Twenties is the term used to describe the <span>great prosperity in the society and culture during the 1920s</span><span> in the Western world. The period was attributed to economic prosperity especially in the countries : United States, Canada and most nations in the Western Europe. This era marks the emergence of the use of technology such as telephones, films and motion pictures, refrigeration, electricity and many more.</span>