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Which of the following statements is true about tariffs and trade restrictions? Group of answer choices 1-Protective tariffs allow more expensive domestic goods to compete
Which of the following statements is true about tariffs and trade restrictions?
Group of answer choices
1-Protective tariffs allow more expensive domestic goods to compete with foreign ones.
2-Countries are not allowed to levy tariffs for political reasons.
3-Protective tariffs encourage free trade and competition.
4-Countries cannot allow citizens traveling abroad to bring home merchandise without paying an import tariff.
5-Quotas cannot be established by voluntary agreements.
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