tariffs increase the overall efficiency of the world economy because a protective tariff encourages domestic…

tariffs increase the overall efficiency of the world economy because a protective tariff encourages domestic firms to produce products at home, in theory, which could be produced more efficiently abroad. \ntrue \nfalse

tariffs increase the overall efficiency of the world economy because a protective tariff encourages domestic firms to produce products at home, in theory, which could be produced more efficiently abroad. \ntrue \nfalse

Answer

Brief Explanations:

Tariffs often distort production and consumption patterns. Protective tariffs encourage domestic production of goods that could be produced more efficiently abroad, leading to inefficiencies and a decrease in overall world - economy efficiency, not an increase.

Answer:

False