Why is protectionist legislation often passed?
A) Employers in the affected industry lobby more effectively than the workers in that industry.
B) Trade restrictions often benefit domestic consumers in the long run, though they must pay more in the short run.
C) Consumers prefer to purchase goods made in Canada even if they are more expensive.
D) Both employers and workers in the affected industry lobby for protectionist policies.
Correct Answer:
Verified
Q8: A country has an absolute advantage over
Q15: A country that is half as productive
Q18: Trade occurs when a country has an
Q105: Under NAFTA,Canada,the U.S.,and Mexico have the free
Q106: Canada is a member of the WTO.
Q107: A nation can gain from international trade
Q110: What would likely be the effect of
Q111: What impact would a new Canadian import
Q112: A country with relatively abundant supplies of
Q113: The fact that some foreign nations are
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents