A decrease in the cost of automobiles.
Government regulations are necessary because they protect public safety and market fairness
Answer:
C.) Job loss
Explanation:
A.) is incorrect because protectionism is reduced when countries engage in more trade agreements. Reducing protectionism is generally seen as a good thing. Protectionism involves protecting a country's economy mainly by taxing imports. The fact that countries are willing to participate in more trade with other countries directly opposes this theory.
B.) is incorrect because sanctions involve decreasing trade with other countries. Sanctions are some form of penalties a country places on another to pressure or protect themselves against that country. Sanctions make it more difficult to purchase international products and can negatively impact domestic businesses and citizens.
C.) is correct because this is the only negative consequence of more trade agreements. When trade expands, citizens have an easier time buying products from other countries. If citizens begin to purchase less domestic products, some companies may lose business. With less business comes more lay offs and lost jobs.
D.) is incorrect because tariffs would be loosened if trade agreements are reached. Tariffs are taxes placed on items entering a country that are meant to discourage international purchases. Lower taxes on foreign items makes the products cheaper for consumers.
