Solved

Many Countries Engage in Trade Protection by Imposing Import Tariffs

Question 213

Multiple Choice

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents