International trade policies are largely advocated,argued,and lobbied for based more on their distributional effects than on their aggregate or overall effects.What does this imply?
A) Producers will lobby for protectionism even though they may know that their gains from protectionism will be outweighed by the losses to consumers.
B) Consumers care more about how policies affect them than how policies affect them and everyone else,too.
C) Tariffs are more effective than quotas.
D) Consumers' surplus will rise (when it rises)more than producers' surplus will fall (when it falls).
E) none of the above

Question

Quizplus · Accepted Answer

This implies that producers will prioritize their own interests and lobby for protectionist policies, even if they are aware that such policies may harm consumers and have negative overall effects on the economy.

International Trade Policies Are Largely Advocated,argued,and Lobbied for Based More