Trade restrictions designed to benefit the import-competing industries will benefit the entire country.
Trade restrictions will hurt domestic consumers who will end up paying higher prices.

Question

Quizplus · Accepted Answer

Trade restrictions may protect certain industries and jobs, but they often lead to higher prices for domestic consumers who have fewer options to choose from. This can ultimately hurt the overall economy and standard of living for the entire country.

Trade Restrictions Designed to Benefit the Import-Competing Industries Will Benefit