Trade barriers are politically popular because

Question

Quizplus · Accepted Answer

Trade barriers are politically popular because their benefits are concentrated among specific industries or workers, making them highly visible and appreciated by those directly benefited. On the other hand, their costs, such as higher prices for consumers and potential retaliatory measures from other countries, are spread out across a much larger population, making them less noticeable and less likely to be directly attributed to the trade barriers. This dynamic makes it easier for politicians to support trade barriers due to the vocal support from the benefited groups, despite the broader economic costs.

Trade Barriers Are Politically Popular Because