Political pressure for protectionism arises because freer trade results in a small number of businesses facing large losses.

Question

Quizplus · Accepted Answer

When trade barriers are removed, competition increases and some industries may struggle to compete with foreign companies. This can lead to job losses and economic hardship for those affected businesses and communities, leading to political pressure for protectionism.

Political Pressure for Protectionism Arises Because Freer Trade Results in a Small