Which of the following is an explanation for the existence of trade restrictions?
A) Tariffs generate revenue for the government.
B) Rent seeking
C) Inefficient quotas
D) Both answers A and B are key explanations.

Question

Quizplus · Accepted Answer

Trade restrictions often exist due to tariffs generating revenue for the government and rent-seeking behavior, where individuals or entities attempt to gain economic rent through manipulation or exploitation of the economic environment rather than through productive economic activities.

Which of the Following Is an Explanation for the Existence