Most estimates of the total static costs of protectionism find:
A) the losses are less than 5 percent of GDP.
B) the losses range from 6 percent to 10 percent of GDP.
C) the losses range from 11 percent to 25 percent of GDP.
D) the losses range from 26 percent to 50 percent of GDP.

Question

Quizplus · Accepted Answer

Most estimates find that the total static costs of protectionism are relatively small, typically less than 5 percent of GDP. This reflects the limited impact on the overall economy, despite more significant effects on specific sectors.

Most Estimates of the Total Static Costs of Protectionism Find