One reason why there may be a bias against free trade is that
A) transportation costs are too high
B) absolute advantage may outweigh comparative advantage
C) those who benefit from trade have little incentive to lobby for it
D) the terms of trade may be too high
E) people prefer importing to exporting
Correct Answer:
Verified
Q87: A quota is a
A)tax imposed on each
Q88: Politically,one reason trade restrictions are common is
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
Q93: A quota decreases the volume of imports,whereas
Q94: Which of the following statements about quotas
Q95: Tariffs
A)benefit consumers by lowering prices
B)harm producers by
Q96: Protectionism arises because
A)people misunderstand the benefits of
Q97: One advantage of a tariff over a
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