Which of the following probably best explains why trade restrictions are imposed even if the costs to consumers are greater than the benefits to protected industries?
A) Indifference on the government's part to the interests of domestic workers
B) A desire to make other countries suffer
C) Successful lobbying by consumers
D) Successful lobbying by employers and workers
E) The government's preference to safeguard the interest of the producers at the expense of the consumers
Correct Answer:
Verified
Q1: Which of the following statements about international
Q1: The table below shows the quantity demanded
Q3: Which of the following statements is true
Q4: Typically,restrictions to "save domestic jobs" simply redistribute
Q4: The table below shows the quantity demanded
Q5: If international trade is restricted by the
Q5: The table below shows the quantity demanded
Q10: The table below shows the quantity demanded
Q11: Steel producers in the United States observe
Q17: The table below shows the quantity demanded
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