Question 9 (1 point) Which of these would be least likely to increase economic g

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Question 9 (1 point) Which of these would be least likely to increase economic growth? a) Protecting intellectual property rights (such as patents) to provide incentives for innovation. b) An expansion of financial aid options to college students. d) An increase in tariffs to protect domestic industries from foreign competition. d) An increase in investment in infrastructure such as new roads and rail lines Save Question 10 (1 poin -Which question would be considered a normative question? a How much does an entry into an acle course race Cost?

Explanation / Answer

Answer : Option c is correct.

Because if tariff rate is increased then the price of imported goods rise and in case of higher price demand fall and hence demand for foreign goods decrease if price rise and if demand fall for foreign goods then competition of domestic industries with foreign industries decrease. As a result domestic industries get chance to increase the production level. If a country's domestic industries increase the production level then this increase the domestic country's total production level and if country's total production level increase then the country's economic growth increase. Therefore, tariff rate increase option is the least option for economic growth to increase.

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