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Business, 14.02.2020 21:21 juicecarton

The government of a country faced substantial pressure from different sectors to reduce tariffs. Many groups, including the media, were lobbying for an overall reduction in import tariffs imposed by the government. According to them, the country would gain if free trade were encouraged. While certain sectors reported increased exports after a reduction in trade restrictions, many firms went out of business in other sectors as imports increased. People who lost their jobs complained that the reduction in tariffs had done the nation more harm than good. Which of the following, if true, would weaken the claim of the people who lost their jobs? A. The contribution of imports to this country's GDP has always been much higher than its exports. B. The World Trade Organization is encouraging free trade between nations. C. The increase in GDP after the reduction in trade barriers was very low. D. The global economy is recovering from a recession. E. The demand for the country's goods is higher outside the country than inside the country.

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