Which of the following statements is true about tariffs and trade restrictions? O Countries are not...

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Which of the following statements is true about tariffs and trade restrictions? O Countries are not allowed to levy tariffs for political reasons. O Protective tariffs allow more expensive domestic goods to compete with foreign ones. O Critics of protective tariffs argue that their use inhibits free trade and competition. Countries cannot allow citizens traveling abroad to bring home merchandise without paying an import tariff. O Quotas cannot be established by voluntary agreements. Which of the following statements is true about tariffs and trade restrictions? O Countries are not allowed to levy tariffs for political reasons. O Protective tariffs allow more expensive domestic goods to compete with foreign ones. O Critics of protective tariffs argue that their use inhibits free trade and competition. Countries cannot allow citizens traveling abroad to bring home merchandise without paying an import tariff. O Quotas cannot be established by voluntary agreements.

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