Which of the following is an explanation for the existence of trade restrictions?
A)Tariffs generate revenue for the government.
B)rent seeking
C)inefficient quotas
D)both A and B
E)both A and C

Question

Quizplus · Accepted Answer

Trade restrictions are often imposed by governments for various reasons, including generating revenue through tariffs (option A) and protecting domestic industries from foreign competition (rent seeking - option B).

Which of the Following Is an Explanation for the Existence