The two primary reasons to adopt measures to restrict trade are that
A)they help keep real wages high in the importing country, and they also permit small businesses to compete in international markets.
B)they may help the importing country improve its educational system, and they keep high-technology products from being stolen by foreign competitors.
C)they may help the importing country get better prices for its goods, and they protect certain industries from foreign competition.
D)they may help advance the political goals of the nation, and they encourage productivity in domestic industries.

Question

Quizplus · Accepted Answer

Restricting trade may help the importing country get better prices for its goods, as well as protect certain industries from foreign competition. This can be achieved through various measures such as tariffs, quotas, and subsidies. However, it should be noted that while such measures may provide short-term benefits to some industries, they can also lead to higher prices for consumers and reduced competition in the long run.

The Two Primary Reasons to Adopt Measures to Restrict Trade