Question

If Country X and Country Y agree to reduce barriers to trade between them, how will this MOST LIKELY affect consumers in Country X? Group of answer choices The products consumers can buy will be of lower quality than before. The consumers will have access to a wider range of goods than before. The products consumers can buy will cost more to produce than before. The consumers will be forced to pay higher prices for goods than before.

Answer 1

The consumers will have access to a wider range of goods than before.

Step-by-step explanation:

A trade barrier is a restriction on international trade put in place by the government of a country. An example of a trade barrier is government imposing tariffs on imports into the country.

Countries do this for different reasons some of which include;

• To protect their domestic industries from foreign competition

• To increase revenue (the tariffs placed on imports are a form of tax on imported goods)

If Country X and Country Y agree to reduce trade barriers between them, then the consumers of Country X will have access to a wider range of goods than before because, they will be able to buy from their own market in their country X, and also have easier access to the market of country Y, and vice versa.