Antidumping duties increase overall economic well-being in a country by protecting the domestic import-competing firms.

Question

Quizplus · Accepted Answer

Antidumping duties may protect domestic import-competing firms, but they also lead to higher prices for consumers and decreased competition, ultimately harming overall economic well-being in the long run. Additionally, trading partners may retaliate with their own trade barriers, leading to a trade war and further harm to the economy.

Antidumping Duties Increase Overall Economic Well-Being in a Country by Protecting