What is the most likely benefit for a low-income economy if it removes tariffs on imported goods and services?
A.
more choice for domestic consumers
B.
more employment in declining industries
C.
more exports by domestic firms
D.
more tax revenue from imports
Exam No：0455_s21_qp_12 Year：2021 Question No：27
Answer:
A
Knowledge points:
6.2.3 the benefits of free trade：The benefits for consumers, producers and the economy in a variety of countries.
6.2.6 consequences of protection：Effectiveness of protection and its impact on the home country and its trading partners
Solution:
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