Usually the imposition of trade barriers affecting a particular good benefits _______ people domestically, each of whom gains a _______.

Question

Quizplus · Accepted Answer

Trade barriers, such as tariffs or quotas, typically benefit a small number of domestic producers by protecting them from foreign competition, allowing them to charge higher prices. This results in significant gains for those few producers, while the broader economy and consumers may face higher prices and less choice.

Usually the Imposition of Trade Barriers Affecting a Particular Good