What is a major reason international trade is restricted?
A) rent seeking
B) to allow competition with cheap foreign labor
C) to save jobs
D) to prevent dumping
E) to eliminate monopolies

Question

Quizplus · Accepted Answer

Rent-seeking is a major reason international trade is restricted because it allows special interest groups to lobby for policies that protect their own interests, even if those policies are harmful to the economy as a whole.

What Is a Major Reason International Trade Is Restricted