Final answer:
Policymakers do not restrict the impact of global trade by eliminating tariffs and quotas. Tariffs and import quotas are used to restrict the flow of trade and protect domestic industries.
Step-by-step explanation:
Policymakers do not restrict the impact of global trade and financial flows by eliminating tariffs and quotas.
On the contrary, policymakers use tariffs and import quotas as tools to restrict the flow of trade and protect domestic industries. Tariffs are taxes imposed on imported goods and services, while import quotas set a ceiling on the quantity of specific goods and services that can be imported.
Eliminating tariffs and quotas would actually promote free trade rather than restrict it.