Use the drop-down menu to complete the sentence.
East Asian nations have imposed tariffs and other trade barriers to protect their industries, but these barriers have ____ economic growth.
A. Benefited
B. Encouraged
C. Slowed (My answer)
D. Sped up
Please help me! I need to check my work!
I agree with you.
To determine the answer to this question, you need to consider the effect of tariffs and trade barriers on economic growth. Tariffs and trade barriers are typically implemented to restrict imports from other countries, with the aim of protecting domestic industries.
In this case, you are asked to identify how these barriers affect economic growth. When tariffs or trade barriers are imposed, they can limit competition from foreign goods and make domestic industries more competitive. This protection can result in positive outcomes for domestic industries, such as increased sales and profits.
However, there is often a downside to these barriers. Tariffs and trade barriers can also lead to a decrease in overall economic growth. By limiting trade and reducing competition, these barriers can hinder the flow of goods and services, which can slow down economic growth.
Based on this information, it seems that the correct answer to the question is C. Slowed. This choice reflects the potential negative impact of tariffs and trade barriers on economic growth.