A disadvantage of protection from import competition is the added cost of continuing to produce a good domestically that could be supplied more efficiently by an international supplier.

Question

Quizplus · Accepted Answer

Protection from import competition, such as through tariffs or quotas, often results in higher prices for domestically produced goods due to the added cost of continuing to produce them at a less efficient rate than international suppliers.

A Disadvantage of Protection from Import Competition Is the Added