Politically,one reason trade restrictions are common is that
A) the many beneficiaries of free trade each gain a small amount whereas the few losers,lose enough to lobby for restrictions.
B) the beneficiaries of free trade collectively gain a small amount whereas the few losers,collectively lose much more.
C) the few beneficiaries of free trade each gain a large amount and the many losers,lose enough to lobby for restrictions.
D) foreign corporations bribe politicians.
Correct Answer:
Verified
Q83: A tariff is
A)a law restricting the quantity
Q84: If free international trade is compromised by
Q85: An effective import quota will
A)increase the revenue
Q86: A tariff
A)is usually set by domestic producers
Q87: A quota is a
A)tax imposed on each
Q89: If Japan imposes a tariff on shoes
Q90: Economists generally oppose trade restrictions such as
Q91: Both tariffs and quotas
A)benefit domestic consumers by
Q92: One reason why there may be a
Q93: A quota decreases the volume of imports,whereas
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