Which benefit is most likely for a low-income economy if it abolishes tariffs on imported goods and services?
- Amore choice for domestic consumers
- Bmore employment in declining industries
- Cmore exports by domestic firms
- Dmore tax revenue from imports
Economics 2281 · O Level · Globalisation, free trade and protection
Which benefit is most likely for a low-income economy if it abolishes tariffs on imported goods and services?