Solved

If the Economic Arguments Against Tariffs and Quotas Are That

Question 188

Multiple Choice

If the economic arguments against tariffs and quotas are that they are very costly for the macroeconomy, why are they imposed?


A) The costs to individual consumers are small, whereas individual producers gain much from such trade barriers.
B) Consumers have very large lobbying budgets.
C) The costs to individual consumers are large, whereas individual producers gain little from such protection.
D) The domestic prices of protected goods fall after the tariff or quota is imposed.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents