Trade barriers are politically popular because

Question

Quizplus · Accepted Answer

Trade barriers, such as tariffs and quotas, can benefit a specific domestic industry by limiting foreign competition, which can result in increased profits and job security for workers in that industry. However, the costs of these trade barriers are felt by consumers who must pay higher prices for the same imports, and other domestic industries that rely on those imports may suffer from decreased access to cheaper inputs. Therefore, the benefits of trade barriers are concentrated among a specific group, while the costs are spread out among the entire population. This makes trade barriers politically popular because the concentrated benefits are likely to be more appealing to politicians and industry representatives than the diffuse costs.

Trade Barriers Are Politically Popular Because