Many countries engage in trade protection by imposing import tariffs or quotas for at least some goods.This is because:
A) economists have established that such restrictions are welfare-improving for certain categories of goods (such as raw materials) .
B) such restrictions tend to benefit consumers without harming producers.
C) while such restrictions harm consumers,they benefit producers,who are usually a more cohesive and politically influential group.
D) while such restrictions harm consumers and benefit producers,the losses to consumers are outweighed by the gains to producers.
Correct Answer:
Verified
Q208: _ oversees international trade agreements.
A)NAFTA
B)The World Trade
Q209: In autarky,the amount of a country's production
Q210: Use the following to answer question:
Q211: The job creation argument for protection against
Q212: Relative to the size of their economy,many
Q214: Import protections are often imposed because:
A)import protections
Q215: France and the United Kingdom both produce
Q216: Use the following to answer question:
Q217: Which statement is NOT true about the
Q218: The World Trade Organization:
A)assists importers and exporters
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents