One reason that international trade is restricted is that
A) protectionism benefits consumers.
B) the individual gain to parties who benefit from the protection is much larger than the individual loss to parties who lose.
C) the government completely pays the losers from international trade for their losses.
D) the government cannot measure the cost of protectionism.
Correct Answer:
Verified
Q16: A tariff is a tax that is
Q17: Of the groups listed below, which is
Q18: A tariff is
A) a tax on an
Q19: An import quota on sugar
A) decreases the
Q20: When Australia exports a good, Australian consumer
Q22: Which of the following is an effective
Q23: Some observers opposing free trade argue that
Q24: An import quota protects domestic producers by
A)
Q25: Tariffs and import quotas both result in
A)
Q26: If Australia imposes a tariff of $1
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