Discuss two different ways of how trade barriers can slow down global economic growth?
Question
Discuss two different ways of how trade barriers can slow down global economic growth?
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Solution 1
Trade barriers can slow down global economic growth in two main ways:
- Increased Costs: Trade barriers such as tariffs increase the cost of importing goods. This can lead to increased prices for consumers, which can reduce consumption and slow economic growth. For businesses, increased costs can Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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