An administrative policy is an informal instrument or bureaucratic rule that can be used to restrict imports and boost exports.Such policies benefit __________ but hurt __________.

Question

Quizplus · Accepted Answer

Administrative policies that restrict imports and boost exports benefit producers by protecting domestic industries from foreign competition and increasing demand for their products. However, these policies hurt consumers by raising prices due to reduced competition and limited supply choices. Therefore, option D is the most appropriate choice.

An Administrative Policy Is an Informal Instrument or Bureaucratic Rule