Question 12 2 pts Which of the following is one of the implications of trade deficits? a higher standard of living the success of businesses the export of more services the loss of jobs the import of more products D Question 15 2 pts Which of the following statements is true about tariffs and trade restrictions? Protective tariffs allow more expensive domestic goods to compete with foreign ones. Countries are not allowed to levy tariffs for political reasons. Critics of protective tariffs argue that their use inhibits free trade and competition Quotas cannot be established by voluntary agreements Countries cannot allow citizens traveling abroad to bring home merchandise without paying an import tariff