The disjunction between countries' interests in protecting domestic industries through high tariffs and the international community's common interest in preserving a system of free trade among nations creates multiple ________.

Question

Quizplus · Accepted Answer

The situation described is similar to a prisoner's dilemma, where individual countries have an incentive to protect their own industries with tariffs, even though all would benefit from free trade. This creates a conflict between individual and collective interests.

The Disjunction Between Countries' Interests in Protecting Domestic Industries Through