One reason that international trade is restricted is that
A) the individual gain to parties who benefit from the protection will be much larger than the individual loss to parties who lose.
B) tariff revenue raises more income than income taxes in industrial countries.
C) the government cannot measure the cost of protectionism.
D) the government completely pays the losers from international trade for their losses.
E) protectionism benefits consumers.
Correct Answer:
Verified
Q109: Choose the statement that is incorrect.
A)By trading
Q110: Two reasons that explain why international trade
Q111: Choose the statement that is incorrect.
A)The costs
Q112: The gains from free trade are enjoyed
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Q114: The effects of offshoring from opening up
Q115: Choose the statement that is incorrect.
A)Protection saves
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Q118: Offshoring occurs when a firm in Canada
A)hires
Q119: In developing countries, there is more reliance
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