One reason that international trade is restricted is that

Question

Quizplus · Accepted Answer

One reason for restricting international trade is the pressure from domestic industries that would be hurt by free trade. These industries argue that they will be unable to compete with foreign producers who can produce goods more cheaply. In the short run, it is true that the individual gain to parties who benefit from protection, such as the domestic industries and their workers, will be much larger than the individual loss to parties who lose, such as consumers. However, in the long run, such protectionism can harm the overall economy as consumers face higher prices and reduced competition.

One Reason That International Trade Is Restricted Is That