What does trade liberalization typically result in?

Trade liberalization typically results in reduced restrictions on imports and exports, which is why this choice is the correct answer. When a country engages in trade liberalization, it often seeks to promote free trade by lowering tariffs, removing quotas, and minimizing other barriers to trade. This process encourages increased international trade by making it easier and more cost-effective for countries to exchange goods and services.

The benefits of reduced restrictions are significant, as they not only foster competition but also enhance market access for exporters while providing consumers with a wider variety of goods at potentially lower prices. When trade is liberalized, it can lead to a more efficient allocation of resources, stimulate economic growth, and expand consumer choices.

The other choices present outcomes that contradict the core principles of trade liberalization. For example, higher tariffs would impede trade by making imports more expensive, and increased government control over trade goes against the aim of liberalization, which is to promote market freedom. Similarly, limiting foreign goods would restrict trade flows, negatively impacting both consumers and businesses reliant on international markets.