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Assessment
What is one of the potential effects of trade restrictions on local economies?
Increased competition from foreign businesses
Higher prices for consumers
Greater availability of foreign goods
Reduction in local employment opportunities
Which sector is most likely to be adversely affected by trade restrictions?
Agriculture
Service industry
Manufacturing
Technology
How do trade restrictions typically impact small businesses?
By providing them with more resources
By increasing their market reach
By limiting access to essential imported materials
By enhancing competitive advantages
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