The two main reasons why international trade is restricted is because restricting trade means that governments can ________ and because domestic businesses ________.

Question

Quizplus · Accepted Answer

C) obtain revenue; rent seek. Governments restrict international trade to obtain revenue through tariffs and other trade barriers, and domestic businesses often engage in rent-seeking to gain advantages, such as protective tariffs or quotas, that shield them from international competition.

The Two Main Reasons Why International Trade Is Restricted Is