Which of the following are countries that limit foreign trade likely to do
A)forego the additional surplus that trade allows, but probably enjoy economies of scale
B)forego the additional surplus that trade allows, but be compensated by a higher rate of technological change
C)forego the additional surplus that trade allows, but have a lower rate of unemployment
D)forego the additional surplus that trade allows, but have more firms with domestic market power

Question

Quizplus · Accepted Answer

Limiting foreign trade often leads to less competition from abroad, allowing domestic firms to gain more market power within the country.

Which of the Following Are Countries That Limit Foreign Trade