Business, 27.11.2019 07:31 drew1t

The principle of comparative advantage implies that greater levels of international trade increase national income. if presidents oriented their trade policies first around increasing national income, then which of the following policies would they be most likely to support?

a. the elimination of tariffs on manufactured products like cars or electronics even though those tariffs to keep some american manufacturing firms in the business.
b. the imposition of quotas that limit the number of textile imports from manufacturing competitors like china and india.
c. government financial support for firms in multiple industries to ensure that the united states has a diverse manufacturing base.

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